Hindalco $500m QIP, Apollo block see strong demand

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Hindalco $500m QIP, Apollo block see strong demand

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Rolls of aluminum close up in production shop of plant. | Pavel Losevsky/Pavel Losevsky - Fotolia

Hindalco Industries’ qualified institutional placement, which launched on Thursday night in India to raise up to Rp33.4bn ($500m), is set to price with no discount to the last close, bankers on the deal said.

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