Alok Industries’ promoters group hike shareholding in the company

Alok Industries’ promoter group company -Niraj Realtors and Shares-has purchased additional equity shares of the company in the open market under creeping acquisition, constituting 0.12% of the paid up capital of the Company, and thereby have increased their holding in the paid up capital of the Company to 8.80% from 8.68%.

With this acquisition, the holding of Promoters and Promoters Group of the Company in the paid up Capital of the Company stands at 29.56% from 29.43%.

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.