Divestment9 Oct 2026, 11:21 pm
Alok Industries Completes Sale of 100% Stake in Mileta a.s.
AI Summary
Alok Industries Ltd announced the completion of the sale of its 100% equity stake in Mileta a.s. The sale was executed by Alok Industries International Limited, a step-down wholly owned subsidiary. This transaction, which was finalized on October 9, 2026, follows a prior disclosure on December 16, 2025. As a result of this divestment, Mileta a.s. is no longer a subsidiary of Alok Industries Ltd. This move signifies a strategic divestment by the company.
Key Highlights
- Alok Industries has successfully divested its entire stake in Mileta a.s.
- The sale was completed by a step-down subsidiary, Alok Industries International Limited.
- Mileta a.s. is no longer considered a subsidiary of Alok Industries.
- This marks the conclusion of a previously disclosed transaction.
Price Impact
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