India: Alok Industries plans demerger to find buyers, move to reduce debt pile

India: Alok Industries plans demerger to find buyers, move to reduce debt pile

Alok Industries Ltd, which makes cotton and polyster yarn, apparel fabric, garments and home textiles, plans to separate its operations into two or three units that can be individually sold to financial investors, as it struggles under the weight of debt, two bankers with knowledge of the plan said.

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