Aditya Birla Group firm Grasim Industries will invest over Rs13,000 crore in its textile and cement businesses over the next 24-36 months, as the company looks to increase capacity and modernise production, a senior...
Alok lenders reject Reliance Industries-JM Financial ARC’s revised offer
Lenders to Alok IndustriesNSE -9.76 % have rejected a revised offer by Reliance Industries-JM Financial ARC to acquire the bankrupt company, implying that the borrower may head into liquidation, banks must make 100%...
RIL, JM Financial bid jointly to buy textile manufacturer Alok Industries
Reliance Industries Ltd (RIL) said today that it has bid jointly with JM Financial Asset Reconstruction Company to acquire the debt-ridden textile manufacturer Alok Industries. In a clarification to stock...
Raymond to raise Rs100 crore via NCDs
Textile major Raymond on Tuesday said it will raise Rs100 crore through issuance of non-convertible debentures (NCDs) on private placement basis. A meeting of the committee of board of directors will be held on 20 March...
Arvind gears up for demerger of branded apparel, engineering ventures
Even as it is set to touch the Rs 100 billion revenue mark for the first time in fiscal 2017-18, Arvind Limited is gearing up for demerger of its branded apparel & retail as well as engineering ventures into...
Kotak Mahindra, Edelweiss units in race for Alok Industries
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...
