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Hindalco Industries Ltd (HALC.NS)

HALC.NS on National Stock Exchange of India

227.75INR
17 Oct 2018
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Rs227.75
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Thu, Jul 26 2018

U.S. aluminum firm Novelis to buy Aleris for $2.6 billion

MUMBAI India's Hindalco Industries Ltd said its U.S. unit Novelis Inc has agreed to buy aluminum processor Aleris Corp for $2.6 billion, giving it a foothold in supplying the aerospace industry and other value-added businesses globally.

UPDATE 2-U.S. aluminium firm Novelis to buy Aleris for $2.6 bln

* Will increase Novelis capacity to 4.4 million tonnes (Adds Breakingviews link)

Hindalco Industries' U.S. unit to buy Aleris for $2.6 bln

MUMBAI, July 26 India's Hindalco Industries Ltd said on Thursday its U.S. unit Novelis Inc has agreed to buy aluminium maker Aleris Corp for $2.6 billion, giving the company an entry into the aerospace sector and a higher customer base in the car industry.

Indian shares end lower; Kotak Mahindra Bank top drag

July 19 Indian shares ended lower on Thursday, a day ahead of a no-confidence motion against the government, dragged by financial stocks such as Kotak Mahindra Bank Ltd .

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