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Hindalco Industries Limited (HINDALCO.NS)
| Previous close | 677.85 |
| Open | 682.00 |
| Bid | 683.60 x 0 |
| Ask | 683.85 x 0 |
| Day's range | 678.35 - 698.00 |
| 52-week range | 404.35 - 698.70 |
| Volume | |
| Avg. volume | 8,312,680 |
| Market cap | 1.529T |
| Beta (5Y monthly) | 1.41 |
| PE ratio (TTM) | 14.98 |
| EPS (TTM) | 45.62 |
| Earnings date | 06 Aug 2024 - 10 Aug 2024 |
| Forward dividend & yield | 3.00 (0.44%) |
| Ex-dividend date | 14 Aug 2023 |
| 1y target est | N/A |
ReutersAluminum products maker Novelis makes US IPO filing public
The company is moving ahead with a listing at a time when the U.S. IPO market is on a rebound this year, after a two-year lull, on hopes of a "soft landing" for the economy, where inflation falls without a recession or big job losses. Novelis is seeking to complete the planned IPO as soon as early June, Bloomberg News reported, citing people familiar with the matter. Novelis, a leading producer of flat-rolled aluminum products, did not immediately respond to a Reuters request for comment for more details on the IPO.
- Reuters
UPDATE 3-Aluminum products maker Novelis makes US IPO filing public
Aluminum products maker Novelis, owned by Indian conglomerate Aditya Birla Group's Hindalco Industries, made public its filing for an initial public offering in the United States on Monday. The company is moving ahead with a listing at a time when the U.S. IPO market is on a rebound this year, after a two-year lull, on hopes of a "soft landing" for the economy, where inflation falls without a recession or big job losses. Novelis is seeking to complete the planned IPO as soon as early June, Bloomberg News reported, citing people familiar with the matter.
- Reuters
UPDATE 2-India's Hindalco mulls seeking $1.2 bln in Novelis IPO, Bloomberg News reports
Hindalco Industries , owned by Indian billionare Kumar Mangalam Birla, is considering seeking about $1.2 billion in the initial public offering of its U.S.-based unit Novelis, Bloomberg News reported on Wednesday. Hindalco, one of India's largest aluminium and copper producers, may target a valuation of about $18 billion for Novelis, which the Birla group will seek to list on the New York Stock Exchange by September, the report added, citing people familiar with the matter.
