Hindalco defers Novelis' $945 mn US listing - The Economic T

Hindalco Industries has postponed the proposed $945-million listing of Novelis Inc due to concerns about potentially below-premium valuations for the US subsidiary impacting the valuation of the Indian entity listed in Mumbai.

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Mumbai , Maharashtra , India , Japan , Satyadeep Jain , Novelis Inc , Hindalco Industries , Aditya Birla Group , Ambit Capital , France Based Constellium ,