Hindalco Industries rises as its arm acquires 100% stake in Aditya Holdings LLC
Hindalco Industries is currently trading at Rs. 644.45, up by 3.00 points or 0.47% from its previous closing of Rs. 641.45 on the BSE.
The scrip opened at Rs. 641.45 and has touched a high and low of Rs. 644.90 and Rs. 638.25 respectively. So far 11153 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 772.00 on 03-Oct-2024 and a 52 week low of Rs. 546.25 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 650.50 and Rs. 635.35 respectively. The current market cap of the company is Rs. 143844.97 crore.
The promoters holding in the company stood at 34.64%, while Institutions and Non-Institutions held 53.14% and 8.54% respectively.
Hindalco Industries’ wholly owned subsidiary -- A.V. Minerals (Netherlands) N.V. has acquired 100% stake in a company namely ‘Aditya Holdings LLC’, thereby making it a step-down wholly owned subsidiary of the company. The acquisition of Aditya Holdings LLC as a step down wholly owned subsidiary is a strategic move designed primarily to expand the company’s global footprint for its downstream portfolio.
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.
