Alok Industries International Limited (“AIIL”) has entered into a Share Purchase Agreement (“SPA”) with CRESCON, a.s. for the sale of its 100% equity stake in Mileta a.s. for EUR 558,825. The transaction is expected to be completed by March 2026, after which Mileta will cease to be a subsidiary of the company.
Sale of Mileta a.s.
Alok Industries International Limited (“AIIL”) announced on December 16, 2025, that it has entered into a Share Purchase Agreement (“SPA”) with CRESCON, a.s. for the sale of its 100% equity stake in Mileta a.s. (“Mileta”). The cash consideration for this sale is EUR 558,825.
About Mileta
Mileta is a wholly owned subsidiary of AIIL, involved in the business of manufacturing textile fibres, fabrics, other textile goods, wholesale trade, yarn dyeing, and chemical processing of fabrics. Mileta had a turnover of Czech Koruna (CZK) 421,339 ths during FY 2024-25, contributing approximately 4.11% to the consolidated turnover of Alok Industries. As of March 31, 2025, Mileta had a net worth of CZK 161,553 ths.
Transaction Details
The sale is subject to customary closing conditions and is expected to be completed by March 2026. Following the completion of the sale, Mileta will no longer be a subsidiary of Alok Industries. The announcement clarified that the transaction is not a related party transaction.
Source: BSE
