November 8, 2024
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Alok Industries To Raise Rs 3,300 Cr From RIL In NCRPS Deal

Textile manufacturer Alok Industries plans to raise Rs 3,300 crore through the issuance of Non-Convertible Redeemable Preference Shares (NCRPS) to its parent company, Reliance Industries Ltd (RIL). This move comes as part of Alok Industries’ ongoing financial strategy. Having been acquired by Reliance Industries and JM Financial ARC in 2019 through the corporate

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