Alok Ind promoters pledge 4.15 cr shares

Integrated textile firm Alok Industries today said its 16 promoters have pledged 4.15 crore shares representing 20.16 per cent stake in the company.

In a disclosure to the National Stock Exchange, Alok Industries said Niraj Realtors & Shares, one of the promoters of the company, has pledged 1.29 crore shares representing 6.59 per cent stake.

Similarly, remaining shares have been pledged by 15 other promoters including Dilip B Jiwrajka (2.93 per cent), Grabal Alok Impex (2.74 per cent) and Ashok B Jiwrajka (2.55 per cent).

Shares of Alok Industries today remained unchanged from its previous close at Rs 17.15 on the NSE.