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Hindalco to seek shareholders' approval for ₹ 6,000 crore NCDs
Aditya Birla Group flagship Hindalco Industries will seek shareholders' approval for the issue of non-convertible debentures (NCDs) on private placement basis for aggregating 6,000 crore at its forthcoming annual general meeting (AGM) next week. The company seeks shareholders' approval for raising around 6,000 crore through NCDs on private placement basis in order to augment resources for the ongoing capital expenditure, repayment of existing loans, and for general corporate purposes, according to the company's annual report.
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