Hindalco's Acquisition of Novelis

Strategic Management|Management Strategy |Business Strategy Case Study|Business Strategy|Case Study|Case Studies

ICMR HOME | Case Studies Collection

To download Hindalco's Acquisition of Novelis case study (Case Code: BSTR265) click on the button below, and select the case from the list of available cases:

Business Ethics Case Studies | Case Study in Management, Operations, Strategies, Business Ethics, Case Studies


Buy With PayPal

Amount to be paid:

Prefer to pay in another currency ?
Select Currency for Payment

Exchange Rates: Click Here
Delivery Details: Click Here

Business Strategy Case Studies
Case Studies Collection
Business Strategy Short Case Studies
View Detailed Pricing Info
How To Order This Case
Business Case Studies
Case Studies by Area
Case Studies by Industry
Case Studies by Company

Custom Search

Please note:

This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.

Chat with us

Strategic Management Formulation, Implementation, & Control, 12e

Please leave your feedback

Leave Your Feedback

ICMR India ICMR India ICMR India ICMR India RSS Feed

Case Details:


Case Code : BSTR265 For delivery in electronic format: Rs. 300;
For delivery through courier (within India): Rs. 300 + Shipping & Handling Charges extra


Mergers | Acquisitions | Strategic Alliances
Case Length : 17 Pages
Period : 1991 - 2007
Pub Date : 2007
Teaching Note : Not Available
Organization : Hindalco, Novelis
Industry : Metal and Mining
Countries : US, Canada


The case discusses the acquisition of US-Canadian aluminum company Novelis by India-based Hindalco Industries Limited (Hindalco), a part of Aditya Vikram Birla Group of Companies, in May 2007. The case explains the acquisition deal in detail and highlights the benefits of the deal for both the companies.

It also examines the valuation of the acquisition deal and how the deal was financed. The case concludes by describing the challenges that Hindalco would face in integrating the operations of Novelis and analyzing if the deal was overvalued as opined by some industry experts.

Business Strategy | Case Study in Management, Operations, Strategies, Business Strategy, Case Studies


Study the synergies of the merger between Hindalco and Novelis

Study the rationale behind Hindalco acquiring a loss making aluminum company

Examine the way the acquisition deal was financed

Analyze whether the deal was overvalued or not

Analyze the trends in the global aluminum industry


  Page No.
Introduction 1
Background Note 2
The Deal 5
Rationale for Acquisition 6
The Pitfalls 8
Exhibits 10


Hindalco Industries Limited, Novelis Inc., Merger and Acquisition, Deal Valuation, Debt-equity Ratio, EV/EBITDA Ratio, Indian Aluminum Industry, Merger Integration, Consolidation, Downstream Business, Upstream Business

Hindalco's Acquisition of Novelis - Next Page>>


Cases on Related Topics :- Wal-Mart's German Misadventure, Wal-Mart Struggles in Japan, Coca-Cola's Business Practices: Facing the Heat in a Few Countries

Case Studies Links:- Case Studies, Short Case Studies, Simplified Case Studies.

Other Case Studies:- Multimedia Case Studies, Cases in Other Languages.

Business Reports Link:- Business Reports.

Books:- Textbooks, Work Books, Case Study Volumes.