Alok H&A to have 1000 stores

Textiles major, Alok Industries, will dilute a 33 percent stake in its subsidiary Alok H&A in return for a Rs 45 crore infusion from Asiabridge Fund 1 LLC. The entire funding as well as the transfer of stake will occur over a period of two years. Alok H&A, currently a 100 percent subsidiary of Alok Industries, is a leading Cash & Carry player in the home textiles, garments and accessories segments. The mega expansion of Alok H&A will be a big opportunity for in-store media companies and signage suppliers in the signage sector.