Related Keywords: Alok fully integrated textile unit, apparel fabric, bankruptcy proceedings, cotton yarn, defaulted on loans, discussions on with company promoters, home textile, interest may be focused on the polyester yarn unit, or all of the unit of Alok, polyester yarn, RBI identified Alok Industries, resolution professional, RIL, showing interest in part
Reliance Industries showing interest in part or all of the unit of Alok and discussions are on with the company promoters and the resolution professional, as per people familiar with the development.
The interest may be focused on the polyester yarn unit as all the business is not of interest to Reliance because it would not add synergies, but one or two divisions may be value accretive to it. But there was no response from Reliance Industries to comment on this.
