Alok Industries

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Stocks to Watch Today: Ambuja Cements, AU SFB, Alok Textiles, Hindustan Unilever, HDFC Life, ICICI Lombard, L&T Finance and Rallis India to announce Q1 results on Tuesday.

Jeff Bezos vs Kishore Biyani 2.0: RIL may pick up FRL through insolvency

The tactic is not new for Reliance. In 2020, Reliance Industries acquired 37.7% stake in textile manufacturer Alok Industries Ltd for Rs 250 cr.

EClerx Services, Alok Ind: Trading strategies for buzzing stocks of the day

Nifty 500 and Nifty Mid-cap 100 index have already seen a surge of over 2.50 and 6 per cent respectively, in the current month

Stock of this RIL-owned company has jumped 600% from March low

The rally, some analysts argue, comes on the back of the company's change in focus from being a textile play to manufacturing protective gear in battling the Covid-19 pandemic

RIL diverts Alok Industries for making PPE; says will cut cost to one-third

Capacity has been scaled up to produce more than 100,000 PPE kits per day and cost has been slashed to nearly Rs 650 per unit from the about Rs 2,000 apiece imported price, they said

Alok Industries freezes at 5% lower circuit after huge block deals

As of March 2020, the promoters held 6.15 per cent stake in Alok Industries

NCLAT approves RIL's plea to delist Alok Industries from exchanges

The appellate tribunal observed that Sebi in its affidavit had also said that there is no requirement for permission of the market regulator for such delisting

NCLT approves RIL-JM Financial ARC's Rs 5000 cr bid for Alok Industries

The winning bid was Rs 5,000 crore, which was close to Alok Industries' liquidation value of Rs 4,000-4,500 crore

JM Financial, Reliance Industries set to buy Alok Industries for Rs 50 bn

The corporate debtor owes banks Rs 295 billion, which means they are taking a haircut of more than 86%

Reliance Industries expresses interest in buying a part of Alok Industries

Bankruptcy proceedings against Alok Industries began on June 22 after lenders moved the National Company Law Tribunal

SBI gets NCLT nod for insolvency process against Alok Industries

Bombay HC is set to hear the ongoing liquidation case against Alok Industries on July 19

Lenders to begin insolvency action at Alok Industries

Joint lenders forum approved SBI's move to file the application

Alok Industries Q1 loss widens to Rs 1,212 crore

The company owes over Rs 18,000 crore to a consortium of 32 lenders, led by the State Bank of India

Lenders planning breather for Alok Industries

This follows the lenders failed attempt to implement strategic debt restructuring (SDR) in company, bankers said

Alok Industries: The debt bells ring loud

Standalone debt excluding current liabilities stands at Rs 13,650.2 cr and consolidated at Rs 16,081.9 cr as on Sept 2013

Lender's to Alok Industries hunt O&M agency

Step aimed to protect value

Alok Industries zooms 20% on buyout report

According to media reports the private equity funds along with domestic textile companies are in race to buy the company.