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Business
Novelis, Hindalco Unit, Sells Chinese Subsidiaries for $265 Million
✍️ Asianet Newsable
🗓 15 Nov 2026, 10:36 PM
👁 23
Aluminum producer Novelis, a Hindalco subsidiary, has agreed to sell its Chinese operations for $265 million, according to Asianet Newsable.
Novelis, the aluminium manufacturing arm of Hindalco Industries Ltd, announced that it will divest its Chinese subsidiaries for a total consideration of $265 million. The sale, reported by Asianet Newsable, marks a significant step in the company's portfolio reshaping.
The transaction amount has been disclosed, but the identity of the buyer has not been made public. Completion of the deal is subject to the receipt of all necessary regulatory clearances in both India and China.
Industry analysts view the move as part of Hindalco's broader strategy to streamline its global operations and concentrate on core markets where it holds competitive advantage. The proceeds are expected to bolster the group's balance sheet and fund future growth initiatives.
The divestment does not affect Novelis' operations in other regions, and the company reaffirmed its commitment to serving its customers worldwide with high‑quality aluminium products.
The transaction amount has been disclosed, but the identity of the buyer has not been made public. Completion of the deal is subject to the receipt of all necessary regulatory clearances in both India and China.
Industry analysts view the move as part of Hindalco's broader strategy to streamline its global operations and concentrate on core markets where it holds competitive advantage. The proceeds are expected to bolster the group's balance sheet and fund future growth initiatives.
The divestment does not affect Novelis' operations in other regions, and the company reaffirmed its commitment to serving its customers worldwide with high‑quality aluminium products.