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MUMBAI: Hindalco Industries Ltd has informed BSE that the committee of directors at its meeting held on November 26 has determined November 26 to be the issue closing date and Rs 130.90 per equity share to be the issue price pursuant to the qualified ins titutions placement of the equity shares under the provisions of Chapter VIII of the Securities and Exchange Board of India Regulations, 2009 to Qualified Institutional Buyers as defined under 2(1)(zd) of the SEBI Regulations.

The committee has also approved the placement document in respect of the equity shares proposed to be issued as aforesaid.

The company proposes to issue 21,31,47,391 equity shares of face value of Re 1 each to raise aggregate proceeds of Rs 2,790.1 crore and net proceeds, after deduction of issue expenses of Rs 2,748.8 crore. The outstanding paid up capital of the company pu rsuant to the issue shall be Rs 191.3 crore. — Our Bureau

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