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JMFARC and Reliance cut stake in Alok Industries to 71.93%

Reliance Industries logoReliance Industries
Sig2.26Sen-0.48Env0.00Soc0.00Gov+0.12
Alok Industries logoAlok Industries
Sig2.27Sen-0.83Env0.00Soc0.00Gov-1.14

JM Financial Asset Reconstruction Company and Reliance Industries reduced their combined stake in Alok Industries to 71.93% after JMFARC sold 15,25,00,000 equity shares in open market between August 27, 2026 and September 3, 2026. JMFARC’s holding fell from 34.99% to 31.92% while Reliance’s 40.01% stake was maintained. Alok shareholders also approved audited accounts and governance resolutions at its July 24, 2026 AGM, including cost auditor remuneration.

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