BENGALURU, May 8 (Reuters) - Hindalco Industries , owned by Indian billionare Kumar Mangalam Birla, is considering seeking about $1.2 billion in the initial public offering of its U.S.-based unit, Novelis, Bloomberg News reported on Wednesday, citing people familiar with the matter. (Reporting by Manvi Pant in Bengaluru; Editing by Savio D'Souza)
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Other stock markets
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5-day change | 1st Jan Change | ||
646.8 INR | -7.05% | -4.95% | +5.20% |
May. 29 | Indian Equities Dragged Down by Losses in Financial, IT Stocks | MT |
May. 28 | INDIA STOCKS-Metal, pharma stocks drive Indian benchmarks higher | RE |
Stocks mentioned in the article
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38,711 PTS | +0.36% | -0.92% | - | ||
9,918 INR | -5.27% | -2.56% | 36.31B | ||
1,197 INR | -2.45% | -1.94% | 8.65B | ||
646.8 INR | -7.05% | -4.95% | 18.61B | ||
61.03 USD | -1.44% | -2.27% | 118B | ||
39.68 USD | -0.50% | +0.92% | 312B | ||
EPS Revisions
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+5.20% | 18.61B | |
+52.56% | 17.48B | |
+23.56% | 7.9B | |
+34.88% | 6.99B | |
+58.44% | 6.96B | |
-.--% | 5.94B | |
+20.16% | 4.34B | |
+98.90% | 3.66B | |
+14.49% | 3.47B | |
+6.61% | 3.21B |
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- India's Hindalco mulls seeking $1.2 bln in Novelis IPO, Bloomberg News reports