Aluminium major Hindalco Industries will go for financial restructuring of its businesses so that huge costs incurred on acquisitions do not impact the company's operating results. The company has called for an Extraordinary General Meeting on April 2 to seek shareholders' approval for the same. The present global economic scenario especially in the commodity space had an adverse impact on its domestic and overseas operations which may result in impairment in value of its assets/investments. To prevent its operational results from being impacted by such losses the firm would go for restructuring which may result in reduction of its capital through a Scheme of Arrangement to be overseen by the Bombay High Court.
This scheme will result in non-operational costs being charged against a reserve created for the purpose out of the securities premium balance of the company and which would be classified as Business
| Company Name | CMP |
|---|---|
| Hindalco | 1054.65 |
| Vedanta | 303.90 |
| Hindustan Zinc | 611.00 |
| Jain Resource Recycl | 459.35 |
| Gravita India | 1722.15 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: