Post transaction, ICICI Prudential Mutual Fund (MF) decreased its shareholding to 3.01% stake from 3.07% stake held in Hindalco Industries. The deal was executed in secondary market.
The company reported a 96% jump in consolidated net profit to Rs 3,675 crore in Q3 FY22 from Rs 1,877 crore reported in Q3 FY21.
Hindalco Industries, the metals flagship company of the Aditya Birla Group, is the worlds largest aluminium rolling and recycling company, and a major copper player. It is also one of Asias largest producers of primary aluminium.
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