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Hindalco Industries Limited ( (IN:HINDALCO) ) has provided an announcement.
Hindalco Industries Limited has announced an update regarding the acquisition of AluChem Companies, Inc. by its subsidiary, Aditya Holdings LLC. The review process by the Committee on Foreign Investment in the United States (CFIUS) has been delayed due to a U.S. federal government shutdown, impacting the timeline for the acquisition’s completion. The company will provide further updates once the review process resumes and concludes, which may take up to 105 days after the shutdown ends.
More about Hindalco Industries Limited
Hindalco Industries Limited operates in the metals industry, primarily focusing on the production of aluminum and copper. It is part of the Aditya Birla Group, a multinational conglomerate, and serves various markets including automotive, construction, and consumer goods.
Average Trading Volume: 153,816
Technical Sentiment Signal: Buy
Current Market Cap: 1764.4B INR
Learn more about HINDALCO stock on TipRanks’ Stock Analysis page.