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Trusted by
Acquiring Company
CRESCON a.s
Acquired Company
Mileta a.s
Description
Alok Industries has sold its entire stake in the Czech textile manufacturer Mileta a.s. to CRESCON a.s. for approximately Rs 5.6 crore. The transaction marks the company’s exit from its subsidiary structure. The sale followed a share purchase agreement signed in December 2025, and it is now confirmed that the divestment has been completed.
Fundz sees it the moment CRESCON a.s makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Frequently asked
Who acquired Mileta a.s?
Mileta a.s was acquired by CRESCON a.s, based in Czechia. The deal was reported on October 10, 2026. CRESCON a.s. is involved in residential and resort property development. It does not belong to Alok Industries’ promoter group or any group companies. CRESCON a.s is privately held and operates in Real Estate.
When did CRESCON a.s acquire Mileta a.s?
CRESCON a.s's acquisition of Mileta a.s was reported on October 10, 2026. Alok Industries has sold its entire stake in the Czech textile manufacturer Mileta a.s. to CRESCON a.s. for approximately Rs 5.6 crore. The transaction marks the company’s exit from its subsidiary structure. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Mileta a.s do?
Mileta a.s. manufactures textile fibers, fabrics, and other textile products. It has operations in weaving, dyeing, and chemical processing of fabrics. The company operates facilities in Horice and Cerny Dul. It is privately held, operating in Manufacturing, and is based in Czechia.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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