Hindalco is evaluating possible bids for Constellium and Aleris (US)

The Aditya Birla Group could decide to pursue an acquisition through Novelis, a unit of Kumar Mangalam Birla’s Mumbai-listed Hindalco Industries, people familiar with the matter said.

Kumar Mangalam Birla is evaluating possible bids for Constellium and Aleris as his conglomerate seeks to grow its aluminium operations overseas.

Mumbai/London: Indian billionaire Kumar Mangalam Birla is evaluating possible bids for Constellium NV and Aleris Corp. as his conglomerate seeks to grow its aluminium operations overseas, people with knowledge of the matter said. Deliberations are at an early stage, and Aditya Birla Group hasn’t yet decided whether to proceed with Continue reading