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Article: India : Hindalco plans to raise Rs 3,000 cr.
- Article from:
- TendersInfo
- Article date:
- November 2, 2009
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Byline: pinto03
Aditya Birla group flagship company Hindalco is planning to raise around Rs 3,000 crore through an equity sale to fund its ongoing projects.
Hindalco Chief Financial Officer S Talukdar said the company planned to raise the fund either through qualified institutional placement or through sale of shares in overseas markets through the global depository receipts route.
He, however, did not specify timelines for raising the fund. The company has a capital expenditure plan of Rs 23,000 crore over the next three years, 70 per cent of which it plans to fund through debt. The rest of the financial requirement would be met by equity ...