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HINDALCO NOVELIS ACQUISITION
Stocks in news: Lenskart, Apollo Hospitals, ZEE, BPCL, HindalcoIndian markets navigated a sideways trend, with analysts urging caution until the 24,000 mark is reclaimed. Key stocks like Lenskart, Apoll...- When the world's an oyster for Sun (Pharma)Indian companies are increasingly making bold acquisitions abroad. Sun Pharma's deal signals a new era of deliberate empire-building. This ...
- Sun's strong gravity helps India Inc's pullSun Pharma has expanded its horizons by acquiring Organon, a notable New Jersey pharmaceutical firm. This strategic acquisition fortifies S...
- Novelis Inc gets nod to complete acquisition of AlerisEarlier, the European Commission had determined that the acquisition could proceed on the condition that Novelis divest Aleris' plant in Du...
- Aleris to take Hindalco to value-added spaceWith Aleris, Novelis’ capacity will increase by 1 mt to 4.3 mt.
- Hindalco to acquire alumina refinery from NovelisIn 2007, Novelis was acquired by Hindalco Industries and following the merger, Novelis became a wholly owned subsidiary of Aditya Birla Gro...
- Hindalco gears up to reap benefits of Novelis dealHindalco Industries will make the high-margin can sheets for global buyers at its upcoming facility in Hirakud, Orissa, through a plant rel...
- Dip in Novelis’ goodwill may hit Hindalco’s profitTwo years after its high-profile Novelis acquisition, which catapulted Hindalco to the world’s fifth-largest aluminium maker’s slot, the Ad...
- Hindalco to go for Rs 5,000 cr rights issueCountry's largest aluminium producer Hindalco on Friday said its board has approved rights issue for its shareholders up to Rs 5,000 crore ...
- Acquisition costs push Novelis to lossNovelis, the Canadian aluminium giant that Hindalco had bought earlier this year, has posted a loss of $151 million during the first quarte...
- Hindalco clears last hurdle for Novelis buyThe final step for acquiring Novelis has been completed. The Ontario Superior Court of Justice on Tuesday approved Hindalco Industries’ acq...
- Hindalco ties up finance for $6-b Novelis buyoutHaving entered the final lap in its acquisition of Atlanta-based Novelis, the Aditya Birla group has tied up the loose ends to finance the ...
- Novelis shareholders approve Hindalco acquisitionAditya Birla group company, Hindalco on Friday said a majority of the shareholders of American company Novelis have voted to approve the la...
- Hindalco paid $12/share more than nearest rival for NovelisHindalco Industries paid a whopping $12 per share more than its nearest rival bidder to acquire US-based Novelis, in a six-month long battl...
- Hindalco Ind to consider preferential issueHindalco Industries on Thursday said its Board will meet on March 2 to consider issue of equity shares or equity linked instruments on a pr...
- Deal propels Hindalco higher on value chainThe acquisition of Novelis will help Hindalco round off its production capacities in many ways.
- Company plans to raise $2.8 bn debt to fund the acquisitionHindalco’s debt will increase and the margins of Novelis will continue to be under pressure for another two years, an analysis of the finan...
- ‘A special moment, took time to absorb’A visibly happy group chairman Kumar Mangalam Birla spoke to ET after addressing a press conference.
- Hindalco to pay $6 bn in cash for NovelisAnnouncing the deal, Birla group chairman Kumar Mangalam Birla said it would include $2.4 bn in debt.
- Hindalco to acquire Novelis for $6 bnIndia Inc.'s acquisitions binge continues to forge ahead. The latest in the fold is US based aluminium maker Novelis.
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