Novelis announces postponement of Initial Public Offering

Novelis Inc., a leading sustainable aluminum solutions provider and the world leader in aluminum rolling and recycling, has announced the postponement of its initial public offering due to market conditions. Novelis will continue to evaluate the timing of the offering in the future.

Shares of Hindalco Industries Limited was last trading in BSE at Rs. 694.80 as compared to the previous close of Rs. 646.85. The total number of shares traded during the day was 381760 in over 10620 trades.

The stock hit an intraday high of Rs. 700.60 and intraday low of 608.40. The net turnover during the day was Rs. 250190032.00.

Source : Equity Bulls

Keywords

HindalcoIndustries INE038A01020 Novelis IPO Postponed