India: Aditya Birla plans to raise $2.6b to acquire aluminium maker Aleris

India: Aditya Birla plans to raise $2.6b to acquire aluminium maker Aleris

Kumar Mangalam Birla, chairman of Aditya Birla Group. Photo: Abhijit Bhatlekar/Mint

Almost eight months after the Aditya Birla Group began negotiations to buy Ohio-based aluminium maker Aleris Corp., a definitive agreement is in sight, two people aware of the development said, adding a deal is likely to be signed in the next few weeks.

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