Alok Industries, India's leading garment exporter, has acquired 50% stake in Ashford Infotech, a part of the Ashford Group, through a wholly owned subsidiary, Alok Infrastructure for the joint development of realty projects.
The company has reported 32% increase in net profit at Rs 42.97 crore for the quarter ended September 2007. Sales increased by 11% to Rs 464.78 crore.(Stockwatch)