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Why the Novelis IPO news did little to lift investor sentiment for Hindalco

There are several questions about the public offer to which answers are not forthcoming as of now ....

Hindalco: Hindalco arm Novelis eyes US IPO, files papers

The company is wholly owned by Hindalco through its subsidiary AV Minerals (Netherlands) NV, which will offload shares for the public offering. India-listed Hindalco will get all the proceeds from the sale, but the company did not disclose how many shares will be sold in the offer. ....

United States , Exchange Commission , Aleris Corp , Novelis Inc , Aditya Birla Group , Hindalco Industries , Av Minerals Netherlands , Bay Minette , North America , South America , Us Ipo ,