Hindalco Industries Ltd., India’s biggest aluminum producer, plans to raise as much as $600 million selling shares to institutional investors, according to a sale document.
Hindalco will sell the shares for a minimum price of 130.90 rupees each ($2.8), the sale document showed.
Citigroup Global Markets India Pvt., Deutsche Equities India Pvt., DSP Merrill Lynch Ltd., the Hong Kong and Shanghai Banking Corporation Ltd., RBS Equities (India) Ltd., SBI Capital Markets Ltd. and UBS Securities India Pvt. are managing the sale, the document showed.
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