After the acquisition of Corus by TATA, now it another Indian company -Hindalco Industries (Aditya Birla Group) who acquired American Aluminium company - Novalis corp.
Though the acquisition is not over but its a cash acquisition and it is said that about 1/4 th of the amount has to be paid by Loans.
After this acquisition , the Hindalco Industries will be the biggest Downstream Aluminium corporation.
I am not very expert in such big business analysis but all such acquisition clearly means a lot of foreign currency to be flowed out of India? Isn't hurting somehow ?
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