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