As land rates soar, textile companies like Provogue and Century Textiles pivot to real estate, aiming to enhance cash flows and diminish debts amid rising property prices.
JP Morgan Chase invests Rs 130 crore for 33% stake in Alok Infrastructure's SPV for a Mumbai realty project.
Alok Industries is in talks to sell a 20% equity stake in its unit, Alok Infrastructure, to private equity firms, aiming to raise Rs 600 crore for development.