Pursuant to the Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), Hindalco Industries has informed that Novelis Inc., a wholly owned subsidiary of the Company has announced the postponement of its initial public offering due to market conditions. Novelis will continue to evaluate the timing of the offering in the future. Press release issued by Novelis Inc. in this regard is enclosed. The same will also be available on the website of the company: www.hindalco.com.
The above information is a part of company’s filings submitted to BSE.
