At least four potential suitors, including the distressed funds of Kotak MahindraBSE 0.77 % and EdelweissBSE 1.12 %, have expressed interest in bidding for bankrupt textile company Alok IndustriesBSE 4.94 % Ltd., said...
Welspun India’s promoter sells 5% stake in textile worth Rs 3.5 billion
A promoter of Welspun India on Wednesday sold nearly 5 percent stake in the textile firm for almost Rs 3.5 billion through an open market transaction. According to the bulk deal data available with NSE, Welspun...
Employees look to bid for assets of Alok Industries
A group of Alok IndustriesBSE 4.88 % employees is making a bid for the assets of the textile company, which is on the block after being referred to the bankruptcy court, two senior officials from the banking circle said...
Emami to acquire 30% stake in ‘The Man Company’
Emami Ltd is acquiring 30% stake in Helios Lifestyle Pvt Ltd for an undisclosed amount whereby the stake will be acquired by December 2018 through infusion of required funds. Helios owns the fast-growing male grooming...
Donear Group acquires OCM Woolen Mills
Mumbai’s DonearBSE -0.03 % Group on Monday said it has acquired Amritsar-based OCM Woolen Mills. Without disclosing the size of the acquisition, the group said that the acquisition would enable it to expand its range of...
Reliance Industries may buy unit of bankruptcy-hit Alok
Reliance IndustriesBSE -1.17 % Ltd (RILBSE -1.17 %) may be looking at buying part of textile maker Alok Industries LtdBSE 4.77 %, three people familiar with the development said. The interest may be focused on the...
JBF Industries in talks for strategic stake sale
JBF Industries Ltd is in discussions with potential buyers for a stake sale which could lead to a change of management control in the Mumbai-based polyester maker, two people aware of the development said. The talks are...
RIL ties up with VF for moisture control Wrangler
Reliance IndustriesBSE 1.53 % has tied up with VF Corporation, one of the world’s largest denim makers, to manufacture moisture control products for the latter’s Wrangler brand to be sold in the Asian market...
LIC reduces stake in Raymond by 2%
State-owned Life Insurance Corporation (LIC) has reduced its stake in textile and apparel major Raymond by 2.01%, selling 12.37 lakh shares in the open market. LIC, which had 5.53% stake earlier, brought down its...
TPG Growth, Havells’ QRG buy 20% of footwear brand Campus for Rs 1,500 crore
TPG Growth, the growth equity platform of American investment firm TPG, and QRG, the family office of the promoters of Havells Group, acquired a significant minority stake in casual sports and footwear brand Campus...
Piramal-Bain stressed assets unit, AION Capital eye Alok Industries stake
Debt-laden textile maker Alok Industries Ltd, which is currently in bankruptcy court, has caught the eye of financial investors. A distressed asset investment platform by Piramal Enterprises Ltd and private equity fund...
Advent International buys significant stake in Dixcy Textiles
Global private equity fund Advent International has acquired a significant stake in leading innerwear company Dixcy Textiles for an undisclosed sum, betting on the fast-growing category that has seen unprecedented...
