Hindalco is in the process of restructuring its debt says CNBC-TV18 quoting sources. The company has a three year pronged strategy to bring down its debt starting with a USD 1.5 billion bond issue.
At present Hindalco has a consolidated debt of Rs 60,000 crore.
The company is expected to begin the roadshow for its bond issue in December 2015 and likely to launch it by March 2016.
This bond issue which is perhaps the largest Hindalco has taken in the last six years towards debt restructuring.
As per sources the company is in advanced talks to refinance their Rs 9000 crore debt with Aditya Aluminium and Rs 5500 crore debt for Utkal Aluminium.
CNBC-TV18 tried to get in touch with Hindalco but did not get a response.
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