IFLR1000

Reliance Industries Rs2.5 billion acquisition of 37.7% stake in Alok Industries

28/2/2020
Public acquisition
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Re 2.5 billion

$ 33.924 million

Completed

28/2/2020

Overview:

  • Indian multinational conglomerate Reliance Industries has acquired a 37.7% stake in textile manufacturing company Alok Industries for Rs2.5 billion.

Shah Shameer Ahmed - Researcher

Jurisdiction:

India

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Industrials and manufacturing

Firm:
AZB & Partners

Party: Reliance India (Acquirer)

Lawyers: Ashwath Rau, Atreya Bhattacharya, Suharsh Sinha

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