Hindalco Shares Soars 5% as Subsidiary Novelis Files for IPO In US | Stock Market News

Zee Business Video Team | Updated: February 21, 2024 02:36 PM IST

Hindalco Industries shares rise 5% after subsidiary Novelis files confidentially for US IPO. Novelis, a leading aluminum producer, to offer common shares through its sole shareholder, Hindalco. Analysts see favorable timing for IPO with Fed rate hikes ending.



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