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Hindalco share price surges 5% after US subsidiary Novelis files for IPO
21 Feb 2024 06:21 GMT
… subsidiary Novelis filed for an initial public offering (IPO) with the U.S. Securities … (SEC) relating to the proposed initial public offering of its common shares. The … the acquisition of US-based Aleris Corp, which is a supplier …
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Novelis IPO: A potential booster for Hindalco
29 Feb 2024 15:39 GMT
… and in 2020 Novelis bought Aleris for $2.8 billion.
Given … the uncertain details of the IPO, it’s hard to provide … for valuation upgrades.
But the IPO may be sentimentally positive and … monitor for key details — an IPO valuation that exceeds the $10 …
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Hindalco arm Novelis eyes US IPO, files papers
21 Feb 2024 01:14 GMT
Mumbai: Novelis Inc, the US-based subsidiary of Hindalco Industries, is eyeing a listing in the US and has submitted a draft registration statement to the Securities and Exchange Commission (SEC). This will not just be the first company from the Aditya …
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Kumar Mangalam Birla steers talks to bring home Aleris
23 Jul 2018 01:20 GMT
… 3.1billion bid for Aleris.
Aleris declared Chapter 11bankruptcy in … for a long-delayed initial public offering in a blow to … analysts at Goldman Sachs.
Aleris recently commissioned its $425 … frozen several transactions. The Aleris sale drew additional criticism …
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Deals Buzz: Aditya Birla Corp to bid for Aleris, Godrej Agrovet eyes $1.27B valuation
25 Sep 2017 06:19 GMT
… bid may value Ohio based Aleris Corp at $2.5B
… a bid for aluminium maker Aleris Corp., reports Mint citing two … value for Cleveland, Ohio-based Aleris, the people cited above said … in a so-called pre-initial public offering (IPO) round of Godrej Agrovet Ltd …
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Novelis to close Buckhannon plant
21 Mar 2024 04:31 GMT
… plant was previously operated by Aleris Rolled Products, before that company … fight a blaze at the Aleris plant in 2018, which caused … had filed paperwork for an initial public offering of its stock.
In February …