Wed, Jun 05, 2024
"Novelis Inc., a wholly owned subsidiary of the Company has announced the postponement of its initial public offering due to market conditions. Novelis will continue to evaluate the timing of the offering in the future," the filing read.
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Wed, May 29, 2024
CLSA has maintained its buy rating on Hindalco after its US-based subsidiary has filed IPO papers in the US. At the suggested IPO price band, Morgan Stanley views Novelis' market capitalization to range between $10.8-12.6 billion and proceeds of $810-945 million for Hindalco.
Tue, May 28, 2024
Novelis, a leading player in the production of innovative aluminium products and solutions and the world's largest, announced the launch of its roadshow for the initial public offering (IPO) of 45,000,000 (45 million) common shares held by its sole shareholder.
Tue, May 14, 2024
Novelis will be listing its common shares on the New York Stock Exchange. Hindalco, the flagship company of Aditya Birla Group, did not disclose the size of the IPO of its wholly-owned subsidiary Novelis Inc.
Fri, Feb 23, 2024
Novelis expects to complete the public offering after the SEC completes its review process, subject to market and other conditions, according to the company's filing with the exchanges.
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