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Hindalco to raise Rs 3,300 crore through QIP

Hindalco to raise Rs 3,300 crore through QIP

Thursday, March 2, 2017, 2:27 PM

Aluminum producer, Hindalco Industries Ltd, has started fundraising process to raise approximately Rs 3,300 crore, through a qualified institutional placement (QIP). QIP fundraising process will be managed by Citigroup Global Markets India Pvt. Ltd, JM Financial Institutional Securities Ltd, Axis Capital Ltd, Bank of America Merrill Lynch and SBI Capital Markets Ltd. Hindalco’s QIP will be one of the biggest to hit the market.
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