Hindalco Industries Ltd plans to acquire Straits (Nifty) Pty Ltd, which owns the Nifty Copper mines in Australia.
The acquisition will be completed through a wholly owned Australia subsidiary for A$ 79.80 million. An agreement has been entered into by the company with Straits Resources Ltd, a listed entity, which owns 100% of Straits (Nifty) Pty. Ltd.
BSE Code: 500440