Alok Industries stock is up 20% after RIL invests Rs 3,300 crore in preferential shares.
Alok Industries: Preferential shares were privately placed with RIL at a dividend rate of nine percent. Once Reliance Industries Ltd (RIL) subscribed for non-convertible redeemable preferential shares worth Rs 3,300 crore on January 2, shares of Alok Industries surged by 20 percent and were locked in their upper circuit at Rs 25.80, also the highest…