Acquiring Company
JM Financial Asset Reconstruction Company Limited
Acquired Company
Alok Industries Limited
MumbaiMumbaiFinancial ServicesFinanceLendingManufacturingFashionTextilesDescription
JM Financial Asset Reconstruction Company Limited has acquired an additional 3.07% stake in Alok Industries Limited through open market transactions. This acquisition increases the trust's total holding to 71.93% of Alok Industries' share capital. The total number of shares held by the trust after the transaction now stands at 357,13,45,177.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Alok Industries Limited?
Alok Industries Limited was acquired by JM Financial Asset Reconstruction Company Limited, based in Mumbai. The deal was reported on September 4, 2026. JM Financial Asset Reconstruction Company Limited focuses on asset reconstruction and management for distressed companies. It actively engages in investments to maximize recovery value. JM Financial Asset Reconstruction Company Limited is privately held and operates in Financial Services.
When did JM Financial Asset Reconstruction Company Limited acquire Alok Industries Limited?
JM Financial Asset Reconstruction Company Limited's acquisition of Alok Industries Limited was reported on September 4, 2026. JM Financial Asset Reconstruction Company Limited has acquired an additional 3.07% stake in Alok Industries Limited through open market transactions. This acquisition increases the trust's total holding to 71.93% of Alok Industries' share capital. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Alok Industries Limited do?
Alok Industries Limited is a leading textile and apparel manufacturing company in India. It specializes in producing a variety of textiles, including garments and fabrics. It is privately held, operating in Manufacturing, and is based in Mumbai.
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