Hindalco Industries Ltd.

Corporate Announcements
Hindalco Industries Ltd.

NSE Script CODE: HINDALCO


Hindalco Industries Ltd. has informed the Exchange vide its letter dated August 14, 2008, that:

"The Committee of the Board in their meeting held today approved the following:

1) The issue price of the Rights Issue shall be Rs. 96 per equity share i.e. face value of Rs. 1 per equity share and at a share premium of Rs. 95 per equity share.

2) The ratio of the Rights entitlement will be three equity shares for every seven equity shares held by the shareholders instead of one share for every three shares announced by the Company earlier as determined in the meeting of the Board of Directors held on June 20, 2008.

3) The company will close its book on 5th September 2008 for the purpose of entitlement of the said Rights Issue. Further please note that Committee of the Board has also fixed same book closure date i.e. 5th September 2008 for the purpose of payment of dividend @ 185% on equity shares and @ 6% on preference shares".