Hindalco Merger Scheme Got High Courts’ Approval

Hindalco Industries announced its scheme of merging with Indian Aluminium Company has got approval from the High Courts of Bombay and Kolkata. The scheme has been made effective by the company board on Mar.25, 2008. Hindalco Industries, a flagship company of the Aditya Birla group, deals with aluminum and copper business. It commenced operations in 1962, currently enjoying a domestic market share of 42% in primary aluminum, 63% in rolled products, 20% in extrusions, 44% in foils and 31% in wheels. COPYRIGHT All rights reserved. The copying, republication or redistribution of WAM News Content, including by framing or similar means, is expressly prohibited without the prior written consent of WAM.