Published 3 months ago

How Novelis Share Sale Would Unlock Value For Hindalco

Summary by Ground News

Shares of Hindalco Industries Ltd. surged almost 5% on the BSE in Wednesday's early trade. Its U.S. subsidiary Novelis filed confidentially for an initial public offering with the Securities and Exchange Commission. The shares are expected to be offered by Novelis' sole shareholder, HindalCo Industries.

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How Novelis Share Sale Would Unlock Value For Hindalco

Shares of Hindalco Industries Ltd. surged almost 5% on the BSE in Wednesday's early trade as its U.S. subsidiary Novelis filed confidentially for an initial public offering with the Securities and Exchange Commission.The shares are expected to be offered by Novelis' sole shareholder, Hindalco Industries. Novelis would not receive any proceeds from the sale of shares by its sole shareholder."The main motive of Novelis listing is value unlocking,"…

3 months ago

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How Novelis Share Sale Would Unlock Value For Hindalco

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How Novelis Share Sale Would Unlock Value For Hindalco

How Novelis Share Sale Would Unlock Value For Hindalco

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