Hindalco may sell stakes in group companies
Hindalco may sell a part of its Rs 20.81 billion stake in group companies, including Grasim Industries, Idea Cellular and Aditya Birla Nuvo, to fund the repayment.
Private equity groups will take more minority stakes in companies as they face up to the shortage of bank debt available to finance full takeovers, according to the head of one of Europe's biggest buy-out groups.