JM Financial Asset Reconstruction Company Limited, acting as trustee for JMFARC–March 2018–Trust, has acquired an additional 3.07% stake in Alok Industries Limited. This acquisition, executed via open market transactions between August 27 and September 3, 2026, brings the total holding of JMFARC to 71.93%. The move reflects a strategic increase in the trust’s investment in the textile and apparel manufacturing company.
JM Financial Increases Stake in Alok Industries
JM Financial Asset Reconstruction Company Limited, in its capacity as trustee of the JMFARC–March 2018–Trust, has announced the acquisition of further shares in Alok Industries Limited. The transactions were conducted through open market purchases over various dates between August 27, 2026, and September 3, 2026.
Acquisition Details
The acquisition involved 15,25,00,000 equity shares, representing 3.07% of Alok Industries’ total share capital. Prior to this transaction, the JMFARC–March 2018–Trust held a substantial stake. Following the latest acquisition, the total holding of the trust in Alok Industries now stands at 357,13,45,177 equity shares, which constitutes 71.93% of the company’s total share capital and voting rights.
Shareholding Before and After
Before this acquisition, JM Financial Asset Reconstruction Company Limited, as trustee, held 34.99% of Alok Industries’ voting rights, while Reliance Industries Limited held 40.01%. The total holding by both entities combined was 75.00%. Post-acquisition, the trust’s direct holding has increased to 31.92%, with Reliance Industries Limited maintaining its 40.01% shareholding. The combined shareholding of the trust in Alok Industries is now 71.93%.
Source: BSE
