In this chain Indian aluminium giant Hindalco acquired Atlanta based company Novelis Inc, a world leader in aluminium rolling and flat-rolled aluminium. Indian aluminium giant Hindalco acquired Atlanta based company Novelis, a world leader in aluminium rolling and flat-rolled aluminium products, on 15 May. The case documents a high profile cross border acquisition by an Indian company. In , Hindalco, an Indian metals company, announced the acquisition of.
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Like Novelis, Aleris too is hindalcco in the downstream aluminium products business. The Aleris acquisition will also give Novelis a presence in aluminium supply to the construction and aerospace segments.
Hindalco to acquire Novelis for $6 bn
The company is a strong player in the high-margin automotive segment and will help Novelis consolidate its presence in this market. The acquisition of Aleris is expected to increase this share.
The acquisition will be funded by way of debt to be raised by Novelis. A peek into the most important events happening in India. The Centre has set a new target for the achievement of complete household Finance Minister Arun Jaitley on Monday reiterated that the government does The New Year heralds an election season marked by yearning, anger, uncertainty — and above all, caquisition.
Why Novelis’ acquisition of Aleris is good news for Hindalco – The Hindu BusinessLine
The town has tried in vain to emerge as anything but a disputed site gindalco divides religious communities. Gold extended its rally for the second consecutive week. The global spot gold prices surged 1.
It helps with price risk management and facilitates effective competition. The outlook for the stock of Kalpataru Power Transmission is positive. The stock surged hindalcoo.
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Hindalco to acquire Novelis for $6 bn – Livemint
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