Kumarmangalam Birla triggers a sharp 7% rally in Hindalco share price; here's how
The acquisition, which comes a decade after the diversified Aditya Birla Group took over Novelis in a $6-billion transaction, will make Hindalco the second largest aluminium maker globally with a revenue of $21 billion and an annual capacity of 4.7 million tonne, chairman Kumarmangalam Birla said.
Hindalco share price jumped 6.68 per cent to Rs 220.35 on BSE. Image source: Reuters