Novelis News


Hindalco share price falls 6% after subsidiary Novelis postpones IPO citing market conditions

Novelis IPO price band was set at $18 to $21 per share. The company had planned to raise between $810 million and $945 million from the offer, Hindalco Industries had announced last week.

1 min read5 Jun 2024

Proposed Novelis IPO is a booster dose for Hindalco

The IPO filing in the US assigns Novelis a market cap of $12.6 billion at the upper end of the price band. This is almost two-thirds of Hindalco’s market cap of about ₹1.52 trillion before the announcement.

3 min read29 May 2024

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The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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