Alok Industries’ step down wholly owned subsidiary-- Alok Industries International (AIIL) has completed sale of its 100% equity stake in Mileta a.s. (Mileta) on October 9, 2026. Consequently, Mileta a.s. has ceased to be a subsidiary of the company.
In December 2025, AIIL had entered into a Share Purchase Agreement (SPA) with CRESCON, a.s. for sale of its 100% equity stake in Mileta for an aggregate cash consideration of EUR 558,825.
Alok Industries (AIL) is engaged in business of yarn, weaving, knitting, processing, home textiles, apparel fabrics, garments and readymade garments.