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Alok Industries shares jump around 16%, up for 3rd time this week; here s why

Shares of textiles manufacturer Alok Industries rallied almost 16 percent in trade on Friday, spiking for the 3rd time this week, after Reliance Industries invested ₹3,300 crore in the company.

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Alok Industries witnesses 20% surge as RIL invests Rs 3,300 Crore through preferential shares - Market News

Alok Industries witnesses 20% surge as RIL invests Rs 3,300 Crore through preferential shares - Market News
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Alok Industries shares soar on ₹3,300-cr fund infusion by RIL

Alok Industries shares soar on ₹3,300-cr fund infusion by RIL
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Top Distressed Funds Mull Buying State Bank of India s Bad Loans

(Bloomberg) A number of global and local distressed asset investors are considering buying some of State Bank of India’s bad loans put up for sale in the financial year that began in April, according to people familiar with the matter. Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayHuawei Building Secret Network for Chips, Trade Group WarnsWagner Chief Prigozhin Was in Deadly Jet Crash, Russia SaysWagner Chief Yevgeny Prigozhin, Mercenary Who Defied Putin

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State Bank of India may have attracted top distressed asset buyers interest for its bad loans

Global and local distressed asset investors are considering buying some of State Bank of India s bad loans. The bank has identified 331 non-performing assets with a total value of $11.6 billion. The move comes as Indian lenders have increased efforts to identify and sell distressed assets following transparency and efficiency reforms. SBI had put up 150 distressed assets worth $5.3 billion for sale in the previous financial year.

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