Alok Industries’ promoter group company --Alok Finance -- have purchased additional 875825 equity shares of the company in the open market under creeping acquisition (constituting 0.11% of the paid up capital of the Company), thereby increased their holding in the paid up capital of the Company to 2.74% from 2.63%. With this acquisition, the total holding of promoters and promoters group of the company in the paid up capital of the company stands at 29.94% from 29.83%.
Alok has evolved from a small trading business into India’s largest integrated textiles player. It is present across various verticals of the textile value chain - from yarn manufacturing to garmenting. Alok’s production facilities are at Silvassa, Vapi and Navi Mumbai. The company also has a presence in the domestic retail segment and in real estate through a wholly-owned subsidiary.
