Hindalco plans to raise $500 million in a QIP
Hindalco Industries has announced that it is planning to raise around $500 million through a QIP or by other sources, required for expansion of the company.
``We have sent a clarification on the QIP issue to the government. We intend to raise $400 million through QIP,'' said Naresh Goyal, chairman, Jet Airways on the sidelines of an industry summit.