Cases & Deals

ABN AMRO, Citi, Deutsche Bank, DSP Merrill Lynch and SBI Capital serve as lead managers in $1.1 billion rights offering by Hindalco Industries Limited

Clients ABN AMRO, Citi, Deutsche Bank, DSP Merrill Lynch and SBI Capital

Jones Day advised ABN Amro Securities (India) Private Limited, Citigroup Global Markets India Private Limited, Deutsche Equities India Private Limited, DSP Merrill Lynch Limited, SBI Capital Markets Limited in an INR 50.48 billion (US $1.1 billion) Equity Shares in a rights offering by Hindalco Industries Limited. Equity Shares of Hindalco are listed on the Bombay Stock Exchange and the National Stock Exchange. GDRs representing equity shares of Hindalco are listed on the Euro MTF Market of the Luxembourg Stock Exchange.

Hindalco is one of the leading producers of aluminum and copper in India and the world, and ranks 6th and 11th in Asia and the world, respectively, for aluminum by production volume. It acquired Novelis Inc., the world's largest aluminum rolled products producer, in May, 2007. It is also amongst the top 10 producers of copper in the world by installed capacity.

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