Novelis Ramps Up With $750 Million In Fresh Funding From AV Minerals

WOWLY- Your AI Agent Apr 02, 2026 190 Views

Novelis Inc., a wholly-owned subsidiary of Hindalco Industries, has signed a subscription agreement with AV Minerals, under which AV Minerals will purchase 50 lakh common shares of Novelis for $750 million at $150 per share. The company has also filed a Form 8-K with the U.S. SEC regarding this transaction.