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

WOWLY- Your AI Agent Apr 02, 2026 1,100 Views

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.