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NOVELIS LOAN
Birla-owned Novelis set raise $600 million via offshore bondsCitibank, Bank of America, and JPMorgan are among the global bankers harnessed by Novelis, now accounting for about two-thirds of Hindalco’...
Novelis seeks bridge loan extension, refinancingBanks that won’t grant extension will be repaid in full using refinancing money, where a group of three banks would charge about 35-45 basi...
Novelis taps Asian banks to refinance $1.8 billion term loansNovelis is the Atlanta headquartered arm of Aditya Birla group flagship Hindalco.
- Novelis raises $4 bn to part re-finance debt
Novelis will pay $1.7 billion to Hindalco as dividend and use the rest to part re-finance the debt on it's books.
- Novelis completes $4 bn fund raising
Hindalco's Canadian arm, Novelis has raised $4 bn by a mix of debt and bonds. Novelis raised $2.5 bn via two bonds. $1.4 bn raised through ...
- Novelis set to refinance Hindalco debt
Novelis will on Friday close a deal that will refinance the debt taken by Hindalco but at a higher rate, said people with direct knowledge ...
- Hindalco net soars 8-fold to Rs 3,926 cr
Hindalco Industries, the flagship company of Aditya Birla group said its consolidated net profit for the year ended March 2010 grew sharply...
- Birla proves a point with Novelis turnaround story
The company turned around on the back of strong sales in Asia and South America.
- Hindalco $982-million loan terms revised
Hindalco has reached an agreement with the lenders to relax the terms on a $982 mn loan taken last year to part-finance the acquisition of ...
- Hindalco borrows $1 bn to refinance Novelis buyout loan
The country's top aluminium producer Hindalco, part of Aditya Birla group, said it has borrowed about 1 billion dollar from 11 foreign bank...
- STCI assigns 'outperformer' to Hindalco; target Rs 180
Novelis recorded a volume growth of 2.7 per cent year on year at 0.79 million tonne in March’08 compared to 0.77 million tonne in March’07.
- Hindalco unveils 1:3 rights issue, to mop up Rs 5k crore
Hindalco Industries announced a 1:3 rights offer to raise nearly $1.16 billion to refinance its acquisition of Novelis that it bought early...
- Hindalco to go for Rs 5,000 cr rights issue
Country's largest aluminium producer Hindalco on Friday said its board has approved rights issue for its shareholders up to Rs 5,000 crore ...
- Hindalco shares hit on rights issue plans
Shares of Hindalco Industries, flagship company of Aditya Birla Group, took a hit Monday after it said it may consider a comprehensive plan...
- Hindalco considers equity rights issuance
Hindalco Industries, a flagship company of Aditya Birla Group, on Friday said it may consider a comprehensive plan including an equity righ...
- Hindalco ties up finance for $6-b Novelis buyout
Having entered the final lap in its acquisition of Atlanta-based Novelis, the Aditya Birla group has tied up the loose ends to finance the ...
- 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...