This is to inform that Alok Industries International Limited, a step down wholly owned subsidiary of the Company, has informed today i.e., on December 16, 2025, entered into Share Purchase Agreement with CRESCON, a.s. for sale of its 100% equity stake in Mileta a.s. for an aggregate cash consideration of EUR 558,825. Upon completion of the sale, Mileta a.s. will cease to be a subsidiary of the Company.
ALOKINDS · price
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Alok Industries informed that its step-down wholly owned subsidiary, Alok Industries International Limited, has signed a Share Purchase Agreement with CRESCON, a.s. to sell its entire 100% stake in Mileta a.s. The deal is for a total cash consideration of EUR 558,825 (approximately ₹5.3 crore). Once the sale is completed, Mileta a.s. will cease to be a subsidiary of Alok Industries. The transaction was announced on December 16, 2025.
This is a small-scale divestment of a foreign step-down subsidiary and is unlikely to materially affect Alok Industries' financials or stock price. It will marginally simplify the group's overseas structure and bring in minor cash inflow.