Hindalco Industries, the flagship company of the Aditya Birla Group, today said its board has allotted 21.31 crore shares to raise Rs 2,790 crore by private placement of shares.
The committee of directors of the company at their meeting held on December 1 allotted 21.31 crore shares to qualified institution buyers (QIBs) at Rs 130.30 per share, aggregating to Rs 2,790 crore, Hindalco Industries said in a filing to the Bombay Stock Exchange (BSE).
The private placement of shares, which was opened on November 23, closed on November 26.
Shares of Hindalco Industries today closed at Rs 142.85 on the BSE, up 0.53 per cent from its previous close.
