Hin­dalco to Seek In­vestors’ Ap­proval for ₹ 6,000-cr NCDs

The Economic Times - - Companies: Pursuit Of Profit -

Aditya Birla Group flag­ship Hin­dalco In­dus­tries will seek share­hold­ers' ap­proval for the is­sue of non-convertible deben­tures on a pri­vate place­ment ba­sis for ag­gre­gat­ing ₹ 6,000 crore at its forth­com­ing an­nual gen­eral meet­ing (AGM) next week. The com­pany seeks ap­proval for rais­ing ₹ 6,000 crore through NCDs to aug­ment re­sources for the on­go­ing cap­i­tal ex­pen­di­ture, re­pay­ment of ex­ist­ing loans, and for gen­eral cor­po­rate pur­poses.


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