Hindalco completes buy of Alcan stake in Utkal Alumina

CHENNAI: With reference to the earlier announcement dated July 19 regarding its plan to acquire Alcan's stake in Utkal Alumina, Hindalco Industries Ltd has informed the BSE that acquisition of entire shareholding of Alcan Inc, comprising 78,564,384 equit y shares in Utkal Alumina International Ltd, has been completed. Utkal Alumina International Ltd is now a 100 per cent subsidiary of the company.