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EQUITY INFUSION NOVELIS
Hindalco to infuse about $250 million more into NovelisHindalco Industries will invest an additional $200-250 million in its subsidiary Novelis. This follows two fires at Novelis' Oswego unit. T...- Trial by fire: Novelis may see bigger cash flow hitIn the wake of a second devastating fire at its Oswego facility, Novelis Inc. has revised its expectations dramatically, now forecasting a ...
- Novelis holding company gets $800 million five-year loanNovelis' holding company has secured an $800 million loan. This funding will support equity infusion into Novelis. The capital is needed du...
- Hindalco to infuse $750 million equity into US unit NovelisHindalco Industries will infuse $750 million equity and raise debt to support its US arm Novelis after a fire hit its Oswego unit. The fund...
- Expect Sensex at 85,000 by year end, book some profit & rotate your money; buy 4 cement stocks: Sanjiv BhasinSanjiv Bhasin advises on market shifts, recommending moves from auto, metals to banks, specialty chemicals. He predicts a Sensex surge to 1...
- 5 bank stocks to go for once unlock theme starts playing out: Hemang JaniGo for ICICI, Axis and State Bank of India and also IndusInd and Federal Bank among the smaller banks. Banking and financial stocks are goi...
- Hindalco kicks off Rs 6,800-crore mega loan pre-paymentStarting Wednesday , the company is all set to pre pay Rs 4,500 crore in April.
- Kumar Mangalam Birla to raise Hindalco stake to 37% for Rs 2,165 croreBirla, who has already paid Rs 541 crore in March 2012 to convert 10% of the preferential warrants, will lose the initial deposit if he doe...
- Hindalco unveils 1:3 rights issue, to mop up Rs 5k croreHindalco Industries announced a 1:3 rights offer to raise nearly $1.16 billion to refinance its acquisition of Novelis that it bought early...
- Birla group to hike Grasim stake to 40%Aditya Birla Group intends to scale up its shareholding in its cement flagship to Grasim Industries to at least 40%. India's corporate mogh...
- India Inc's M&As rise 150% in 2007India Inc announced deals worth $70 billion in 2007, up 150% over the previous calendar year.
- Funds no bar for shopaholic India IncAs India Inc realises it is possible to buy larger cos, more cos will emerge via cross-border deals.
- Hindalco Q4 net rises 15%Hindalco Industries’ net profit for the fourth quarter ended March 31, 2007, grew 15% to Rs 721.3 crore.
- Essar Global to take leveraged buyout route for Algoma buyCompany to set up Canada-based special purpose vehicle (SPV); Algoma’s management may be retained.
- Now, M&As skid on rate hike streetIncreasing number of cos are taking the debt route to fund acquisitions.
- Birlas set to firm up Hindalco stakeAfter the Ambanis and Tatas, it’s the turn of the Birlas to take the preferential allotment route, again.
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