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HINDALCO · Hindalco Industries Limited · NSE · Filed 23 Jun · 1 min read

Novelis Amends Its Credit Agreement; Hindalco Notifies Exchanges

Hindalco's wholly owned subsidiary Novelis Inc. filed a Form 8-K disclosing an amendment to its Second Amended and Restated Credit Agreement.

What was filed

Hindalco Industries Limited informed the exchanges that Novelis Inc., its wholly owned subsidiary, has entered into a Material Definitive Agreement. Per the filing, Novelis filed a Form 8-K in the United States relating to an amendment to its Second Amended and Restated Credit Agreement. The intimation was made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and addressed to BSE, NSE and the Luxembourg Stock Exchange.

What the filing does and does not say

The intimation is a notification that an amendment has occurred and points readers to the underlying Form 8-K filed by Novelis for the substance. The Hindalco filing itself does not disclose the terms of the amendment — no facility size, pricing, maturity or other conditions are stated in the text provided. Hindalco notes that the Novelis filing and the related information are also available on the company and Novelis websites.

Because Novelis is a wholly owned subsidiary, changes to its credit arrangements form part of Hindalco's consolidated financing picture; holders may wish to consult the referenced Form 8-K, as the specific terms of the amendment are not set out in this intimation.