Alok Industries share price surges 20% after Reliance Industries invests ₹3,300 crore

Alok Industries share price surges 20% after Reliance Industries invests ₹3,300 crore

Shares of Alok Industries, a textiles manufacturer, were locked in the 20% upper circuit limit in today’s trade at ₹25.9 apiece. This remarkable spike in shares came after Reliance Industries invested ₹3,300 crore in the company by subscribing to preferential shares, the company said in today’s regulatory filing. Also Read: Suzlon, Reliance Power to VI: …

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