Hindalco shares plummet 7% as U.S.-based arm Novelis reports weak Q2
Novelis has withdrawn its EBITDA per tonne guidance over concerns surrounding ‘accelerating’ tightening of scrap spreads with liberalisation of scrap import by China.
aditya birla group
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India Cements shares surge 3% as UltraTech buys majority stake
The share price of India Cements has more than doubled in less than two months to ₹385.50, from its 52-week low of ₹172.55 touched on June 4, 2024.
UltraTech to acquire 23% stake in India Cements for ₹1,885 cr; stocks hit their 52-week highs
UltraTech to buy up to 7.06 crore equity shares of India Cements at ₹267 per share, amounting to ₹1,885 crore.
Hindalco's Novelis eyes $12.6 bn IPO valuation
The aluminium recycler is looking to raise up to $945 million by offering 45 million shares at a price range of $18 and $21 each.
Aditya Birla Capital launches D2C platform ABCD
Aditya Birla Capital aims to add 30 million new users over the next three years.
Aditya Birla Group to infuse ₹2075 crore in Vodafone Idea; telecom stock reacts
The board of Vi has approved an issuance of up to 139.5 crore equity shares at an issue price of ₹14.87 per equity share to Oriana Investments, an entity under the Aditya Birla Group.
UltraTech to commission 2 new units to surpass 150 mtpa capacity
UltraTech Cement says it will invest ₹32,400 crore towards ongoing capex over the next three years.
Aditya Birla Fashion shares jump 15% on plan to list Madura Fashions as separate entity
Madura Fashion business, consisting of brands such as Louis Phillippe, Van Heusen, Allen Solly & Peter England, Reebok, and others will be demerged into a separate listed entity.
Birla Opus commissions 3 paint plants; 3 more in pipeline
The paint company targets ₹10,000 crore revenue in 3 years.
