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May 30, 2024 · Alok Industries has raised Rs 7,000 crore from parent Reliance Industries, Axis Bank, and State Bank of India. The textile manufacturer secured Rs 3,700 crore in term loans and working capital loans from banks and received Rs 3,300 crore from Reliance Industries in the form of non-convertible cumulative redeemable preference shares.
Alok Industries Limited manufactures and sells textile products in India and internationally. It offers apparel fabrics, corrugated pallets, cotton and blended yarns, knitted and woven garments, home textiles, polyester yarns, and embroidery products, as well as shopping bags and handkerchiefs.
Alok Industries Ltd. engages in the manufacture of textile, leather, and other apparel products. The firm offers cotton and blended yarn, woven fabric, knitted fabric, work wear fabrics, embroidery, garments-woven and knitted, bed linen, terry towel, polyester texturized yarn, partially oriented yarn, fully drawn yarn, shopping bags, and handkerchief.
Jan 2, 2024 · Reliance Industries Ltd has invested about Rs 3,300 crore in textile maker Alok Industries through non-convertible preference shares. "The company has subscribed to 3300,00,00,000 9% non-convertible redeemable preference shares of Re 1/- each of Alok Industries Ltd, for cash at par, aggregating Rs 3,300 crore," RIL said in a filing on Tuesday.
AL K INDUSTRIES LIMITED ~ ALOK Peninsula Business Park, Tower B, 2nd & 3rd Floor, Ganpatrao Kadam Marg, Lower Parel, Mumbai -400 013. Tel.: 91 22 6178 7000 Fax : 91 22 6178 7118 INDUSTRIES LIMITED ,., INNOVATIVE TEXTILE SOLUTIONS 181h October, 2021 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001 Scrip Code: 521070 Dear Sir(s),
Apr 20, 2020 · Alok Industries Ltd.'s stock price is a reflection of the company's overall performance and is a critical factor for long-term investors seeking potential investment opportunities. Analyzing the trends in Alok Industries Ltd.'s stock price over time and comparing its performance with industry peers is essential.
Apr 12, 2018 · NEW DELHI: Shares of Alok Industries climbed 5 per cent in Thursday's trade on reports that Reliance Industries is set to acquire the company. A majority of lenders to the bankrupt textile company have voted in favour of the resolution plan given by billionaire Mukesh Ambani’s company, two officials familiar with the development told ET.
