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Reliance Industries subscribed to 9% non-convertible redeemable preference shares of Alok Industries for ₹3,300 crore on Tuesday. RIL is a promoter, and holds 40.01% of equity share capital of ...
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. The company was incorporated in 1986 and is based ...
Apr 16, 2018 · MUMBAI: Lenders to Alok Industries have rejected a revised offer by Reliance Industries-JM Financial ARC to acquire the bankrupt company, implying that the borrower may head into liquidation, banks must make 100% provisions against advances, and hundreds of employees could lose jobs.
Alok Industries Ltd (ALOKINDS) share price as of May 30, 2024, on NSE is Rs 2,851.15 (NSE) and Rs 2,860.00 (BSE) on BSE. Can I buy Alok Industries Ltd (ALOKINDS) from Angel One? Yes, You can buy Alok Industries Ltd (ALOKINDS) shares by opening a Demat account with Angel One.
Jan 2, 2024 · On January 2, the shares of Alok Industries experienced a remarkable surge, climbing 20 percent and hitting its upper circuit at Rs 25.80. This peak marked the stock’s highest level in the past ...
Jan 9, 2024 · Alok Ind, in a recent BSE filing, mentioned that Reliance Industries Ltd (RIL) has infused Rs 3,300 crore through investment in Non-Convertible Redeemable Preference shares of the company.
Jun 22, 2023 · Reliance Industries and its partner, JM Financial ARC, acquired the insolvent Alok Industries in 2019 for Rs 5,000 crore when its loans stood at Rs 30,000 crore, that it owed to 27 banks.
