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HINDALCO ACQUISITION
Stocks in news: Suzlon Energy, Wipro, Hindalco, ICICI Bank, Eicher MotorsIndian markets closed with small gains amidst a volatile week. Investors will watch global economic news and policy comments. The RBI's div...
Vedanta Resources looking to rejig $5.5 bn holdco debt in one goAnil Agarwal's Vedanta Resources Ltd is in talks with global banks to refinance its $5.25-5.5 billion debt. The company aims to raise $3.5-...
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...
Hindalco shares in focus as US govt shutdown delays $125 million AluChem deal processHindalco Industries said the CFIUS review of its proposed acquisition of AluChem Companies has been temporarily suspended due to a partial ...
Hindalco inks pact to acquire Hydro's aluminium extrusions business in India for Rs 247 crHindalco Industries on Friday said it has signed a definitive agreement with Norway-based Hydro to acquire the latter's India business of a...
Why Aleris buy could lead to valuation re-rating for HindalcoThat should improve consolidated cash flows and offer earnings resilience, lifting Hindalco’s valuation profile.
Hindalco climbs 9% on completion of Aleris acquisitionHindalco cemented its position as the world's largest producer of value-added aluminium products.
Aleris to take Hindalco to value-added spaceWith Aleris, Novelis’ capacity will increase by 1 mt to 4.3 mt.
Tax breather for Hindalco in transfer pricing spatAditya Birla Group's flagship metals arm Hindalco has received a Rs 260 cr tax breather in its ongoing transfer pricing spat with income ta...
- HC dismisses Hindalco plea against I-T order on transfer pricing issue
The Bombay High Court said there is no breach of any natural justice and the petitioner can exercise alternate remedies to go for an appeal...
- Dip in Novelis’ goodwill may hit Hindalco’s profit
Two years after its high-profile Novelis acquisition, which catapulted Hindalco to the world’s fifth-largest aluminium maker’s slot, the Ad...
- Acquisition costs push Novelis to loss
Novelis, 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 buy
The final step for acquiring Novelis has been completed. The Ontario Superior Court of Justice on Tuesday approved Hindalco Industries’ acq...
- Novelis shareholders approve Hindalco acquisition
Aditya Birla group company, Hindalco on Friday said a majority of the shareholders of American company Novelis have voted to approve the la...
- Hindalco Ind to consider preferential issue
Hindalco Industries on Thursday said its Board will meet on March 2 to consider issue of equity shares or equity linked instruments on a pr...
- Company plans to raise $2.8 bn debt to fund the acquisition
Hindalco’s debt will increase and the margins of Novelis will continue to be under pressure for another two years, an analysis of the finan...
- Hindalco to pay $6 bn in cash for Novelis
Announcing the deal, Birla group chairman Kumar Mangalam Birla said it would include $2.4 bn in debt.
- Hindalco to acquire Novelis for $6 bn
India Inc.'s acquisitions binge continues to forge ahead. The latest in the fold is US based aluminium maker Novelis.