Hindalco Subsidiary Novelis Signs $200 Million Share Subscription With AV Minerals

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. 

Transaction Structure 

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. 

Strategic Context 

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. 

Read More: Hindustan Zinc Share Price in Focus Signs MoU with Tripura Group to Advance Zinc Park Development in Rajasthan! 

Hindalco Industries Share Price Performance  

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%. 

Conclusion 

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. 

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