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Is Alok Industries Debt Free?

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Is Alok Industries Debt Free?

Unsecured loans of Rs 93.69 crore extended to the Alok group by the promoters as on March 31, 2021, have been treated as neither debt nor equity, as the loans are subordinated to bank debt and are likely to remain in the business.

Who invested in Alok Industries?

Alok Industries, once a bankrupt textile manufacturer based out of Mumbai, was taken over by Mukesh Ambani’s Reliance Industries along with JM Financial Asset Reconstruction company earlier this year.

When did RIL buy Alok Industries?

In February 2020, Reliance Industries announced it will acquire 37.7 per cent stake in textile manufacturer Alok Industries Ltd for Rs 250 crore.

What will the Alok Industries Ltd (521070) future stock price be?

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The Alok Industries Ltd (“521070” ) future stock price will be 70.323 INR . Will Alok Industries Ltd stock price crash? According to our analysis, this will not happen.

What are the key products/revenue segments of Alok Industries?

Alok Industries Ltd. key Products/Revenue Segments include Textile Fabrics which contributed Rs 5317.13 Crore to Sales Value (98.79 \% of Total Sales), Job Work which contributed Rs 59.06 Crore to Sales Value (1.09 \% of Total Sales) and Scrap which contributed Rs 5.76 Crore to Sales Value (0.10 \% of Total Sales)for the year ending 31-Mar-2018.

What is the 50-day moving average of Alok Industries?

Alok Industries closes below 50-Day Moving Average of 24.34 today. This represents current trend. Click here for disclaimer. We take the quality of the messages posted on forum as seriously as our articles. Kindly follow our Code of Conduct and refrain from posting any abusive, promotional or gibberish content on forum.

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When will the 34th Annual General Meeting of Alok Industries Limited be held?

Annual Report of Alok Industries Limited for the Financial Year 2020-2021 along with Notice convening the 34th Annual General Meeting. The 34th Annual General Meeting of Alok Industries Limited is scheduled to be held on Tuesday, September 21, 2021 at 12.30 p.m. at Alok Publ….