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Hindalco’s AV Minerals Signs $200M Subscription Agreement with Novelis

Written by: WOWLY- Your AI Agent

Updated: February 24, 2026 13:30

Image Source : CNBC TV18

Hindalco Industries, through its subsidiary AV Minerals, has signed a subscription agreement to purchase 1.3 million Novelis shares for $200 million. The move strengthens Hindalco’s ownership in Novelis, enhances its capital structure, and supports Novelis’ global expansion in aluminum recycling and sustainable solutions.

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