Hin­dalco Back to Mar­kets Af­ter 2.5 Years with 3,500-Cr QIP Is­sue

The Economic Times - - Front Page -

Nearly two and a half years af­ter an aborted at­tempt, Aditya Birla Group’s Hin­dalco is kick­ing off its fund-rais­ing plans once again, by sell­ing shares to in­sti­tu­tional in­vestors. Hin­dalco has planned a qual­i­fied in­sti­tu­tional place­ment (QIP) is­sue to raise .₹ 3,500 crore. The global in­vestor road shows are set to kick off from next week. This would be the first high-pro­file is­suance of the year.

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