(Bloomberg) -- Billionaire Kumar Mangalam Birla
plans to take majority control of Hindalco Industries Ltd.,
India's biggest aluminum producer, to forestall a takeover.
``I would like our stake to be more than 50 percent and if
not, at least 40 percent'' in the next two years, Birla said
yesterday in an interview in Mumbai. His family owns 31.4
percent of the $5.6 billion company, according to its Web site.
Read more at Bloomberg Emerging Markets News
plans to take majority control of Hindalco Industries Ltd.,
India's biggest aluminum producer, to forestall a takeover.
``I would like our stake to be more than 50 percent and if
not, at least 40 percent'' in the next two years, Birla said
yesterday in an interview in Mumbai. His family owns 31.4
percent of the $5.6 billion company, according to its Web site.
Read more at Bloomberg Emerging Markets News
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