Hindalco Industries share news and announcements
NSE: HINDALCOBSE: 500440Non - Ferrous MetalsLarge Cap
Last close ₹869.85down ₹15.75 (1.78%)BSE ₹860.50
Share price at the NSE close on 23 Oct 2026. Previous close ₹885.60.
52-week range of traded prices to 23 Oct 2026
₹770.15Low, 6 Nov 2025₹1,176.00High, 29 May 2026
- Next results date: the board meets on 6 Nov 2026 to consider: financial results.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹1,95,475 Cr39th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
- 11.9
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹9,262 crore of one-off items, the largest of them in the quarter to Mar 2026.
- 7.6
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
- 1.4
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.57%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 12.6%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹9,262 crore of one-off items, the largest of them in the quarter to Mar 2026.
- 19.7%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 13.6%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.71
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 76,73,66961.3% delivered
Hindalco Industries share news and announcements
1,291 announcements, routine notices left out, newest first. Page 24 of 26.
Nov 2009
27 Nov · Business
Hindalco Industries Ltd. has informed the Exchange vide its letter dated November 26, 2009 that "The Committee of Directors of Hindalco Industries Limited (the "Company") has at its meeting held on today determined November 26, 2009 to be the issue closing date and Rs. 130.90 per equity share to be the issue price pursuant to the qualified institutions placement of the equity shares under the provisions of Chapter VIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 ("SEBI Regulations") to Qualified Institutional Buyers ("QIBs") as defined under 2(1)(zd) of the SEBI Regulations (the "Placement"). The Committee has also approved the Placement Document in respect of' the equity shares proposed to be issued as aforesaid. The Company proposes to issue 213,147,391 equity shares of face value of Re. 1 each to raise aggregate proceeds of Rs. 27901 million and net proceeds, after deduction of issue expenses, of Rs. 27488 million. The outstanding paid up capital of the Company pursuant to the issue shall be Rs. 1913 million."20 Nov · Limited Review Report
Hindalco Industries Ltd. has informed the Exchange that the auditors have conducted the limited review for the un-audited financial results for the half ended September 30,2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.19 Nov · Meeting
Hindalco Industries Ltd. has informed the Exchange that the shareholders of the Company in their meeting held on November 17, 2009 have passed the Special Resolutions with regards to the following matters: (1) To issue further securities of the Company for the amount not exceeding Rs.2900 Crores pursuant to the provisions of Section 81(1A) of the Companies Act, 1956. (2) To increase in the limit of investment by Foreign Institutional investors (FIIs) from 24% to 40% in the Company's Equity Share Capital.3 Nov · Business
Hindalco Industries Ltd. has informed the Exchange regarding the press release dated October 31, 2009, titled " Hindalco announces Q2 FY 2009-2010 results". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Oct 2009
31 Oct · Results
Hindalco Industries Ltd. has informed the Exchange regarding the standalone Results for the half year ended on 30-SEP-2009 as follows: Net Sales of Rs. 876346 lacs for half year ending on 30-SEP-2009 against Rs. 1025571 lacs for the half year ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 82461 lacs for the half year ending on 30-SEP-2009 against Rs. 141671 lacs for the half year ending on 30-SEP-2008.31 Oct · Results
Hindalco Industries Ltd. has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2009 as follows: Net Sales of Rs. 489256 lacs for quarter ending on 30-SEP-2009 against Rs. 563656 lacs for the quarter ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 34405 lacs for the quarter ending on 30-SEP-2009 against Rs. 71995 lacs for the quarter ending on 30-SEP-2008.21 Oct · Meeting
Hindalco Industries Ltd. has submitted to the Exchange a copy of the notice of the Extraordinary General Meeting of the shareholders of the Company to be held on November 17, 2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.20 Oct · Allotment of Equity Shares
Hindalco Industries Ltd. has informed the Exchange that the Committee of Directors vide their resolution dated October 19, 2009 has allotted 9227 equity shares of par value of Re. 1/- to the optionees as detailed in the resolution, pursuant to the exercise of the options granted to the employees under the Company's Employee Stock Option Scheme, 2006.15 Oct · Meeting
Hindalco Industries Ltd. has informed the Exchange that the Board of Directors of the Company vide Circular Resolution approved raising of investment limit of Foreign Institutional Investors (FIIs) to 40% subject to the necessary approval of the Shareholders of the Company. Board has also approved raising of long term finance by way of Qualified Institutional Placement (QIP)/ Global Depository Receipts and/ or other Securities with or without Green Shoe Option upto Rs.2,900 Crores instead of earlier approval of Rs.2,400 Crores. The Company has called an Extra Ordinary General Meeting on November 17, 2009 for the purpose of approval of the aforesaid items.14 Oct · Board meeting
To consider amongst other items of Agenda the Unaudited Financial Results (Provisional) of the Company, for the Second Quarter and Half year ended on September 30, 2009.9 Oct · Meeting
Hindalco Industries Ltd. has submitted to the Exchange a copy of the minutes of the Annual General Meeting of the Shareholders of the Company held on September 18, 2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Aug 2009
19 Aug · Meeting
Hindalco Industries Ltd. has submitted to the Exchange a copy of Notice of the Annual General Meeting of the Members of the Company to be held on 18 September, 2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.7 Aug · Limited Review Report
Hindalco Industries Ltd. has informed the Exchange that the auditors have conducted the limited review for the un-audited financial results for the quarter ended June 30,2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.5 Aug · Meeting
Hindalco Industries Ltd. has informed the Exchange that the Annual General Meeting of the Shareholders of the Company has been fixed for September 18, 2009. The Register of Members and Share Transfer Books of the Company will remain closed from September 14, 2009 to September 18, 2009 (both days inclusive) for the purpose of payment of dividend @135% on Equity Shares.
Jul 2009
31 Jul · Raising of Funds
Hindalco Industries Ltd. had informed the Exchange regarding the decision of the Company to raise up to US$.500 Million by way of QIP. The Company has now informed the Exchagne that "However, in view of the volatility in domestic market and developments in international markets, the Board has decided that the Company in addition to offering of Shares under the QIP route would explore the option to issue Share under Global Depository Receipts (GDR) or any other instrument or any combination thereof but in any case total amount to be raised will be restricted to US$.500 Million".31 Jul · Business
Hindalco Industries Ltd. has informed the Exchange regarding the press release titled " Hindalco announces Q1 FY 2009-2010 results". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.31 Jul · Results
Hindalco Industries Ltd. has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2009 as follows: Net Sales of Rs. 389949 lacs for quarter ending on 30-JUN-2009 against Rs. 464753 lacs for the quarter ending on 30-JUN-2008. Net Profit / (Loss) of Rs. 48056 lacs for the quarter ending on 30-JUN-2009 against Rs. 69676 lacs for the quarter ending on 30-JUN-2008.17 Jul · Board meeting
To consider amongst other items of Agenda the Unaudited Financial Results (Provisional) of the Company, for the First Quarter ended on June 30, 2009.16 Jul · Updates
Hindalco Industries Ltd. has informed the Exchange vide its letter dated July 16, 2009 that "The Company has decided to close its Wheel Plant located at Silvassa having total capacity of 3 Lacs Wheels per annum. This, being an insignificant part of our operations, will not have any impact on the operations and financials of the Company. We are taking necessary steps to sell the assets of the plant".6 Jul · Miscellaneous
Members of the Exchange are hereby informed that 415081 partly paid up equity shares of Hindalco Industries Ltd. has become fully paid up on receipt of balance call money. In view of the above, trading in above fully paid up shares shall be available for trading under the ISIN No. - INE038A01020 w.e.f. July 08, 2009.2 Jul · Updates
Hindalco Industries Ltd. has informed the Exchange that : "Hindalco has reached agreement and received lenders consent on revised terms including covenant relaxations relating to the US$ 982 million bank loan. The new terms allow the company significant flexibility to plan its future business and pursue its capital expenditure aspirations going forward. Under the new agreement reached banks have agreed to waive requirement to test covenants on consolidated financials".
Jun 2009
30 Jun · Business
Hindalco Industries Ltd. has informed the Exchange vide its letter dated June 30, 2009 that "The Board of Directors in the meeting held today approved Qualified Institution Placement to eligible investors up to amount not exceeding US$ 500 Million equivalent to Rs. 2400 Crores in pursuant to provisions of Section 81 (1A) and all other applicable provisions of the Companies Act, 1956 and Chapter XIII-A of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines 2000 as in force and subject to all other applicable rules, regulations and guidelines of SEBI, and enabling provisions of the Memorandum and Articles of Association of the Company and the Listing Agreements and in such manner and on such price, terms and conditions as may be determined by the Board in accordance with the SEBI (DIP) Guidelines or other provisions of the law".30 Jun · Business
Hindalco Industries Ltd. has informed the Exchange that the Scheme of Arrangement of Financial Restructuring under Section 391-394 and Section 100 of the Companies Act, 1956 is approved by the Hon'ble High Court , Bombay. Further, the Board of Directors in their meeting held on June 30, 2009 made the Scheme effective.30 Jun · Dividend
Hindalco Industries Ltd. has informed the Exchange that the Board of Directors of the company at its meeting held on June 30, 2009, the Board have recommended dividend of Rs. 1.35 per Equity Share on 170,02,70,807 fully paid-up Equity Shares of Re. 1/- per share.30 Jun · Business
Hindalco Industries Ltd. has informed the Exchange regarding the press release dated June 30, 2009, titled " Hindalco announces consolidated and standalone audited financial results for year ended 31 March 2009". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.30 Jun · Results
Hindalco Industries Ltd. has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2009 as follows: Net Sales of Rs. 1821965 lacs for year ending on 31-MAR-2009 against Rs. 1920100 lacs for the year ending on 31-MAR-2008. Net Profit / (Loss) of Rs. 223027 lacs for the year ending on 31-MAR-2009 against Rs. 286090 lacs for the year ending on 31-MAR-2008.30 Jun · Results
Hindalco Industries Ltd. has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2009 as follows: Net Sales of Rs. 6562515 lacs for year ending on 31-MAR-2009 against Rs. 6001280 lacs for the year ending on 31-MAR-2008. Net Profit / (Loss) of Rs. 48531 lacs for the year ending on 31-MAR-2009 against Rs. 238730 lacs for the year ending on 31-MAR-2008.16 Jun · Rating
Hindalco Industries Ltd. has informed the Exchange that Credit Analysis & Research Ltd., has assigned a "CARE AA+(Is) [Double A plus (issuer Rating)] to Hindalco Industries Limited. The rating is only an opinion on the general creditworthiness of the rated entity and not specific to any particular debt instrument. Issuers with this rating are considered to offer high safety for timely servicing of debt obligations. Such issues carry very low credit risk.15 Jun · Board meeting
For consideration of the Audited Accounts of the company for the year ended March 31,2009 and Dividend for the Financial Year ended March 31,2009.
Apr 2009
15 Apr · Results
Hindalco Industries Ltd. has informed the Exchange that the Company has decided not to publish Unaudited Accounts for the Fourth (4th) Quarter. Further the Company will be declaring its Audited Results within Three months i.e before June 30, 2009, from the close of Financial Year i.e. March 31, 2009, therefore, Company will not be publishing the Unaudited Financial Results for the Fourth Quarter period from January 01, 2009 to March 31, 2009.6 Apr · Outcome of Court Convened Meeting
Hindalco Industries Ltd. has informed the Exchange that at the Shareholders meeting held on April 02, 2009, as per the direction of the Hon'ble High Court of Mumbai, the Shareholders have approved the Scheme of Arrangement by requisite majority. Further, the Shareholders Meeting held to approve the reduction of Capital under Section 100 of the Companies Act, 1956, has also approved the Resolution confirming the reduction of the Capital. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Mar 2009
16 Mar · Notice of Meeting
Hindalco Industries Ltd. has submitted to the Exchange a copy of the notice of the Meeting of Equity Shareholders of the Company. [1] Notice convening meeting of Equity Shareholders of Hindalco Industries Limited, in respect of Scheme of Arrangement between the Company and its Shareholders, pursuant to the directions of the Hon'ble High Court of judicature at Bombay in Company Application No. 234 of 2009. [2] Notice in respect of Extra Ordinary General Meeting of the Company to be held on April 02, 2009. A copies of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Feb 2009
27 Feb · Rating
Hindalco Industries Ltd. has informed the Exchange that CRISIL has placed their rating on the Company's outstanding long-term debt from 'AA/Stable' to 'AA-/Negative'25 Feb · Suspension of Preference Shares
Members of the Exchange are hereby informed that the trading in 6% Cumulative Redeemable Preference Shares of Rs.2/- each (Series - P1) of Hindalco Industries Ltd. shall be suspended w.e.f. March 02, 2009 (i.e. closing hours of trading on February 27, 2009) on account of redemption.23 Feb · Corporate action
Hindalco Industries Ltd. has informed the Exchange that the Company has fixed the Record Date on March 09, 2009 for the purpose of Redemption and payment of Capital plus Dividend on the 6% Cumulative Redeemable Preference Shares of Rs. 2/- each. Further, the payment date is April 01, 2009.16 Feb · Limited Review Report
Hindalco Industries Ltd. has informed the Exchange that the auditors have conducted the limited review for the un-audited financial results for the quarter ended December 31,2008.A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.16 Feb · Financial Restructuring
Hindalco Industries Ltd. has informed the Exchange that the Board of Directors of the Company at its meeting held on February 14th, 2009 have considered and approved to undertake a financial restructuring exercise wherein the Company along with other activities as would be provided in detail under the scheme or petition proposes to earmark, allocate and credit to Business Reconstruction Reserve Account an amount as may be determined and considered appropriate by the Board of Directors of the Company, from the balance available in Securities Premium Account. The aforesaid amount would be utilized for write off or adjustment of non operating/extraordinary costs on international acquisition made by the Company and organic growth projects in India. The credit to the Business Reconstruction Reserve Account shall not exceed the balance lying to the credit of Securities Premium Account of the Company as on December 31,2008. The aforesaid exercise will be implemented under the relevant provisions of the Companies Act, 1956 and other relevant laws".12 Feb · Disclosure
Hindalco Industries Ltd. has submitted to the Exchange a copy of disclosure under Regulation 8A (4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulation 1997. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.2 Feb · Business
Hindalco Industries Ltd. has informed the Exchange regarding the press release dated January 30, 2009, titled "Hindalco Industries Limited Q3 FY 2008-2009 Results". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Jan 2009
30 Jan · Results
Hindalco Industries Ltd. has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2008 as follows: Net Sales of Rs. 408017 lacs for quarter ending on 31-DEC-2008 against Rs. 453170 lacs for the quarter ending on 31-DEC-2007. Net Profit / (Loss) of Rs. 54480 lacs for the quarter ending on 31-DEC-2008 against Rs. 54270 lacs for the quarter ending on 31-DEC-2007.12 Jan · Board meeting
To consider amongst other items of Agenda the Unaudited Financial Results (Provisional) of the Company, for the Third Quarter and Nine Months ended on December 31, 2008.
Nov 2008
4 Nov · Updates
Hindalco Industries Ltd. has informed the Exchange vide notes to Accounts in the unaudited financial results for the quarter ended September 30, 2008 (taken on record by the Board of Directors of the Company at its meeting held on October 31, 2008) that: "A new company namely, MNH Shakti Limited has been formed in July, 2008 jointly with Mahanadi Coalfields Ltd. and Neyveli Lignite Corporation Ltd. as per the condition of allotment letter of Ministry of Coal for the purpose of exploration of the coal block allotted by the Government in the state of Orissa. The Company's holding in the new entity is 15% while Mahanadi Coalfield Ltd. holds 70% and Neyveli Lignite Corporation Ltd, holds 15%."
Oct 2008
31 Oct · Business
Hindalco Industries Ltd. has informed the Exchange regarding the press release dated October 31, 2008, titled "Hindalco Industries Limited Q2 FY 2008-2009 Results. A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.31 Oct · Results
Hindalco Industries Ltd. has informed the Exchange regarding the standalone Results for the half year ended on 30-SEP-2008 as follows: Net Sales of Rs. 1025571 lacs for half year ending on 30-SEP-2008 against Rs. 963760 lacs for the half year ending on 30-SEP-2007. Net Profit / (Loss) of Rs. 141671 lacs for the half year ending on 30-SEP-2008 against Rs. 124570 lacs for the half year ending on 30-SEP-2007.31 Oct · Results
Hindalco Industries Ltd. has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2008 as follows: Net Sales of Rs. 563656 lacs for quarter ending on 30-SEP-2008 against Rs. 495970 lacs for the quarter ending on 30-SEP-2007. Net Profit / (Loss) of Rs. 71995 lacs for the quarter ending on 30-SEP-2008 against Rs. 64280 lacs for the quarter ending on 30-SEP-2007.23 Oct · Allotment of Equity Shares
Hindalco Industries Ltd. has informed the Exchange that the Committee of Director in their meeting held today i.e. October 23, 2008, approved allotment of 47,33,98,534 Equity Shares of face value of Re.1 each.23 Oct · Meeting
Hindalco Industries Ltd. has submitted to the Exchange a copy of the minutes of the Annual General Meeting of the Shareholders of the Company held on September 19, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.20 Oct · Updates
Hindalco Industries Ltd. had informed the Exchange regarding Issue of Warrants on a Preferential basis. Hindalco Industries Ltd. has now informed the Exchange that the date of receipt of Rs 17.387 against each warrant should be read as April 11, 2007 instead of April 10, 2008. The corrected Announcement should be read as follows: "This has reference to the allotment of 8 Crore Warrants made by us on April 11, 2007 on a preferential basis to IGH Holdings Private Limited in pursuance of the approval accorded by the Members of the Company at the EGM held on February 25, 2007 and in respect of which in principle approval was granted by the Stock Exchanges. The holder of each warrant was entitled to apply for and obtain allotment of one Equity Share against each Warrant at the rate of Rs.173.87 per share. The Company had received Rs.17.387 against each Warrant on 11/04/2007.As per the provisions of Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines 2000, the Warrant Holder can exercise the right for conversion of Warrant into Equity Shares within 18 months from the date of the allotment i.e. within 18 months from 11/04/2007 by paying the balance amount. Please note that IGH Holdings Private Limited has not exercised its right for conversion of the Warrants into shares within the time stipulated under the preferential guidelines. Accordingly, the aforesaid Warrants now stands lapsed".16 Oct · Board meeting
To consider amongst other items of Agenda the Unaudited Financial Results (Provisional) of the Company, for the Second Quarter and Half Year ended on September 30, 2008.16 Oct · Corporate action
Hindalco Industries Ltd. has informed the Exchange vide its letter dated October 15, 2008, that: "The Issue period of the proposed rights issue of 525,802,403 equity shares of Hindalco Industries Limited (the "Company"), pursuant to the filing of the letter of offer dated September 13, 2008 with the stock exchanges closed on October 10, 2008 (the "Issue"). As per the provisional data provided by the Registrar, Company has received a subscription of 55.967% of the Issue size, being 29,42,76,155 equity shares in the Issue. Pursuant to the underwriting agreement entered into by the Company with ABN AMRO Asia Equities (India) Limited, ABN AMRO Securities (India) Private Limited, Citigroup Global Markets India Private Limited, Deutsche Equities India Private Limited, DSP Merrill Lynch Limited, State Bank of India (together referred to as the "Underwriters") and SBI Capital Markets Limited, dated September 12, 2008, the Committee of the Board of the Company in its meeting held earlier today, has approved the issuance of a devolvement notice dated October 15, 2008 to the Underwriters, requiring the Underwriters to subscribe or procure subscription for equity shares aggregating to 17,89,46,010, at the price of Rs. 96 per equity share, for an amount of Rs. 1717.88 crores". The Board has also authorised the promoters to bring in any further undersubscribed portion of the Issue. Further, the details of the of individual devolvement on each Underwriter shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.