RIL-JM Fin acquires Alok Industries for Rs 5050 Cr
  • WebDesk BTVI
  • Mar 08 2019

Alok Industries is the only textile company in list of 12 largest defaulters. Ahmedabad NCLT court set some riders along with the price, Rs 5050 crore, for RIL-JM Fin to acquire Alok Industries. However, RIL is yet to get a few permission from the Centre and the Competition Commission of India before sealing the deal.