Hindalco Industries rises on entering into SPA with Terrabel Empreedimentos
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Hindalco Industries is currently trading at Rs. 540.95, up by 7.15 points or 1.34% from its previous closing of Rs. 533.80 on the BSE.
The scrip opened at Rs. 534.50 and has touched a high and low of Rs. 544.90 and Rs. 531.95 respectively. So far 79698 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 553.85 on 11-Feb-2022 and a 52 week low of Rs. 305.40 on 25-Mar-2021.
Last one week high and low of the scrip stood at Rs. 546.85 and Rs. 501.40 respectively. The current market cap of the company is Rs. 119954.08 crore.
The promoters holding in the company stood at 34.64%, while Institutions and Non-Institutions held 47.17% and 14.27% respectively.
Hindalco Industries has entered into a Share Purchase agreement (SPA) with Terrabel Empreedimentos, a Brazilian firm to divest entire equity shareholding in Hindalco Do Brazil Industria Comercia de Alumina (HDB).
Hindalco Industries is an industry leader in aluminium and copper. The company’s aluminium units across the country encompass the entire gamut of operations from bauxite mining, alumina refining, aluminium smelting to downstream rolling, extrusions, foils and alloy wheels, along with captive power plants and coal mines.
