Timeline to review Hindalco's AluChem Companies acquisition extends to Jul 2
This story was originally published at 10:15 IST on 21 May 2026
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MUMBAI – Hindalco Industries Ltd. Wednesday informed the exchanges of a delay in the process of reviewing its proposed acquisition of AluChem Companies Inc. The review, being carried out by the Committee on Foreign Investment in the US, has been delayed by partial shutdowns in the recent past of the US government. Consequently, the timeline to complete the review has been extended to Jul. 2, Hindalco Industries said in its exchange filing.
In June, the company's wholly-owned subsidiary, Aditya Holdings LLC, had signed an agreement to buy 100% stake in AluChem Companies and filed a short-form declaration with the foreign investment committee in August. Subsequently, the body asked the subsidiary to submit a long-form declaration, which it did on Sept. 30.
At 1002 IST, shares of Hindalco Industries were at INR 1,109.20 on the National Stock Exchange, up 2.2% from Wednesday's close. For the December quarter on a consolidated basis, the company had reported a net profit of INR 20.49 billion on revenues of INR 665.21 billion. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Shruti Nair
Edited by Rajeev Pai
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