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Home News Hindalco raises Rs 3,350 cr via issue of shares to QIBs

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Hindalco raises Rs 3,350 cr via issue of shares to QIBs

Hindalco raises Rs 3,350 cr via issue of shares to QIBs

Friday, March 10, 2017, 10:01 AM

Aditya Birla Group firm Hindalco Industries, one of the leading integrated primary producers of aluminium in Asia, raised Rs 3,350 crore through issuance of shares to qualified institutional buyers. Hindalco Industries added "The Capital Raising Committee approved the issue and allotment of 17,68,27,659 equity shares to qualified institutional buyers at the issue price of Rs 189.45 per equity share".
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