IGH Holding hikes stake in Hindalco

IGH Holding hikes stake in Hindalco


Mumbai: Hindalco Industries, the flagship company of Aditya Birla Group, today said one of its promoter IGH Holding has increased its stake in the company by acquiring an additional 19.68 lakh equity shares.

In a regulatory filing to the Bombay Stock Exchange, Hindalco said that IGH Holding has acquired 19,68,213 equity shares of the company on 6 October, from the Stock Exchanges.

Till the end of the June quarter, IGH Holding, held 8,83,07,573 equity shares in the company, representing 7.20% stake in the company.

Earlier on 6 October, Hindalco Industries had said that IGH Holdings has acquired 9,40,000 shares of the company from stock exchanges.

Shares of the company were trading at 95.15, down 1.25% in the afternoon trade on the BSE.