Hindalco Industries Limited announced that its wholly owned subsidiary Novelis Inc. has entered into a share subscription agreement with AV Minerals (Netherlands) N.V. The transaction involves the purchase of newly subscribed common shares of Novelis by AV Minerals.
Under the agreement, AV Minerals, which is the sole shareholder of Novelis and a wholly owned arm of Hindalco, has agreed to purchase 1,333,333 common shares of Novelis. The shares are priced at $150 per share, taking the total consideration to $199,999,950.
The transaction represents an equity infusion within the group structure and reinforces Novelis’ capital base.
Novelis continues to operate as a key global subsidiary within Hindalco’s aluminium value chain. The internal subscription aligns capital deployment within the group while maintaining ownership control through AV Minerals.
As of 25 February 2026, at 9:22 AM, Hindalco Industries Limited share price is trading at ₹931.70 per share, reflecting a gain of 0.96% from the previous closing price. Over the past month, the stock has declined by 3.13%.
With the $199,999,950 share subscription by AV Minerals, Hindalco strengthens the financial position of Novelis through an internal equity transaction, reaffirming its long-term commitment to the global aluminium business.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Feb 25, 2026, 11:25 AM IST
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