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ALERIS CORP.
Hindalco share price surges 5% after US subsidiary Novelis files for IPOHindalco share price: Hindalco share price surged nearly 5% to Rs 536 in Wednesday's intraday trade on BSE after the firm’s subsidiary Nove...- Hindalco arm Novelis eyes US IPO, files papersThe company is wholly owned by Hindalco through its subsidiary AV Minerals (Netherlands) NV, which will offload shares for the public offer...
- Novelis to raise $300-350 mn from Axis Bank in GIFT CityThe bilateral short-term loan is being raised from Gujarat GIFT city and will likely be priced after adding about 70-85 basis points over t...
- Hindalco Q2 results: Consolidated PAT jumps 783% YoY, beats estimate; sales rise 53%The company posted a 52.6 per cent YoY jump in consolidated revenue from operations to Rs 47,665 crore, which was also sharply above Street...
- Hindalco Q4 preview: Consolidated PAT likely to jump 78% on strong operating showThe company will announce its March quarter earnings on Friday.
- Hindalco Q3 results: Net profit jumps 77% YoY to Rs 1,877 croreWith growing profits and rising share of steady cash-generating aluminum conversion business, Hindalco has announced that it will come up w...
- Hindalco will be back to pre-covid levels by the second half of FY21: Kumar Mangalam Birla“At Novelis (Hindalco’s wholly owned subsidiary) too all plants are operational, and many are now running at their full capacity. All the a...
- Stocks in the news: Wipro, RIL, Hindalco, HDFC, Tata Steel, Welspun Corp and BioconIT major Wipro will announce its fourth-quarter and FY20 results today.
- Hindalco closes $2.8 billion deal to acquire AlerisThis comes at a time when the metals and mining sector is undergoing a severe downturn and tepid demand growth globally.
- Birla group co Novelis to raise $1.6 bn via bondsThe bonds are likely to have eight-to-ten year maturity, and the issue is open for subscriptions in the US, three people with direct knowle...
- Big dealmaker KM Birla hires StanChart, Goldman bankers for scouting new opportunitiesKM Birla hired bankers from StanChart and Goldman Sachs Group for senior roles at his conglomerate.
- Analyst Calls: ACC, Hindalco Industries, DB Corp, Dabur India, L&T InfotechCLSA has retained its buy rating on ACC and raised target price to Rs 2050 from Rs 2000.
- U.S. to impose new duties on Chinese aluminium sheet productsUSA-TRADE-CHINA-U.S. to impose new duties on Chinese aluminum sheet products
- Acquisitive Indian billionaire says he's hungry for more dealsIn the wake of new bankruptcy law, flood of assets are expected to be put up for sale.
- Billionaire Birla’s Hindalco sees profit jump as Modi fuels boomNet income was 4.14 billion rupees in the three months to June.
- Kumar Mangalam Birla steers talks to bring home AlerisKumar Birla stepped in to lead talks with the private equity owners of Aleris to get negotiations moving again.
- Indian billionaires are back on world dealmaking stage: ReportIt's hard to predict the timing, but bankers should be getting ready to say hello to big Indian billionaires. They're surely coming back.
- Hindalco Industries gains amid race to acquire Aleris CorpPromoters held 34.69 per cent stake in the company as of September 2017.
- Hindalco weighing bid to acquire Aleris Corp of USAn acquisition of Aleris will help Hindalco and Novelis consolidate further in the can and auto segments, the margins for which have been i...
- Kumar Mangalam Birla looks for possible merger with Constellium, Aleris Corp.Deliberations are at an early stage, and Aditya Birla Group hasn’t yet decided whether to proceed with an offer for either business, accord...
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