Hindalco Industries: Intimation regarding cessation of Novelis (China) Aluminum Products Co. Ltd and Novelis (Shanghai) Aluminum…
Hindalco Industries (HINDALCO) filed a disclosure titled "Intimation regarding cessation of Novelis (China) Aluminum Products Co. Ltd and Novelis (Shanghai) Aluminum Trading Co. Ltd., wholly-owned subsidiaries of Novelis Inc., a…". The company is valued at…
What happened
Hindalco Industries (HINDALCO) filed a disclosure with the exchanges on 15 November 2026 at 10:20 AM titled "Intimation regarding cessation of Novelis (China) Aluminum Products Co. Ltd and Novelis (Shanghai) Aluminum Trading Co. Ltd., wholly-owned subsidiaries of Novelis Inc., a…".
Company snapshot
Hindalco Industries is a large-cap company in the Metals & Mining sector, with a market value of about ₹2.12 lakh crore.
The stock last traded at ₹943.6, against a 52-week range of ₹771.9–₹1,176 (19.8% below the high).
Before this filing the shares had moved +6.9% over the month and −8.3% over three months. Average daily turnover over the last 20 sessions was about ₹523 crore.
Promoters held 34.66% at the end of Q2 FY27. Foreign institutions owned 34.43% and domestic institutions 20.97%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q2 FY26 | 66,058 | 4,741 | 21.35 |
| Q3 FY26 | 66,521 | 2,049 | 9.23 |
| Q4 FY26 | 78,133 | 2,597 | 11.7 |
| Q1 FY27 | 84,825 | 7,013 | 31.58 |
| Q2 FY27 | 91,708 | 7,532 | 33.93 |
What history shows
BCEIE's records show 4 previous m&a filings from the company since May 2026.
After those filings, the stock gained 1.4% on average the next trading day and was down 2.6% on average after five days (3 filings with price data).
Across 61 similar disclosures by other Metals & Mining companies, shares moved −0.2% on average the next day and +0.4% over five days; 46% of them rose the next day.
Market-wide, 2,462 m&a filings with an impact score of 50 or more saw an average next-day move of +0.4%, with 50% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 1 Oct 2026 | Update on Acquisition | −0.1% | −6.3% |
| 21 Aug 2026 | Incorporation of UHG Holdings IFSC Private Limited. | +1.6% | −1.8% |
| 7 Aug 2026 | M&A | +2.6% | +0.2% |
What to watch
- Regulatory approvals, completion of the deal and its effect on revenue and margins.
In the news
Recent coverage elsewhere (links open the original publisher):
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.