Hindalco Industries informs about disclosure

09 Jan 2025 Evaluate
In furtherance to its earlier intimation in this regard, Hindalco Industries has informed that Novelis Inc., a wholly owned subsidiary of the Company, has announced that that its indirect wholly owned subsidiary, Novelis Corporation, has priced an offering of $750 million aggregate principal amount of 6.875% senior notes due in January 2030 [‘Notes;], which represents an increase of $250 million from the offering size previously announced. The Notes were priced at par value and will bear an interest rate of 6.875% per annum. Novelis expects to close the offering of the Notes on January 13, 2025, subject to the satisfaction of customary closing conditions. Press release issued by Novelis Inc. on January 8, 2025, at 5:30 pm EST in this regard is enclosed. This is being made available on the website of the Company www.hindalco.com and Novelis Inc. www.novelis.com.

The above information is a part of company’s filings submitted to BSE.

Hindalco Share Price

632.05 11.70 (1.89%)
27-Feb-2025 16:59 View Price Chart
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