Hindalco-owned Novelis postpones US IPO
On Tuesday, Novelis, which is owned by the Indian billionaire Kumar Mangalam Birla's Hindalco Industries, announced the postponement of its initial public offering due to prevailing market conditions.
, owned by Indian billionaire 's on Tuesday it postponed its initial public offering citing ."Novelis will continue to evaluate the timing of the offering in the future," it said in a statement.
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Source: Stocks-Markets-Economic Times
