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Hindalco to get $1.7-b dividend from Novelis
Edited by : AL CIRCLE
1 min read
...Hindalco Industries, an Aditya Birla Group company, will receive a dividend (return of capital) of $1.7 billion (Rs 7,650 crore) from its Canadian subsidiary Novelis Inc which recently announced plans to raise $4 billion (18,000 crore) through debt. Hindalco acquired Novelis in 2007 for $6 billion (Rs 27,000 crore)...
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