Acquisitions16 Dec 2025, 10:51 pm
Alok Industries Ltd to Sell Mileta a.s., a Step Down Wholly Owned Subsidiary, for EUR 558,825
AI Summary
Alok Industries Ltd announced that its step down wholly owned subsidiary, Alok Industries International Limited, has entered into a Share Purchase Agreement with CRESCON, a.s. for the sale of its 100% equity stake in Mileta a.s. The transaction is valued at EUR 558,825 and is expected to be completed by March 2026. Upon completion, Mileta will cease to be a subsidiary of the Company. The transaction is not a related party transaction.
Key Highlights
- Alok Industries International Limited to sell 100% equity stake in Mileta a.s. to CRESCON, a.s.
- Transaction valued at EUR 558,825
- Expected to be completed by March 2026
- Mileta will cease to be a subsidiary of the Company upon completion
- Not a related party transaction