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Hindalco Industries' US arm Novelis Inc has postponed its IPO due to market conditions. The company will continue to evaluate the timing of the offering.

Novelis, a subsidiary of Hindalco Industries, has filed for an IPO in the US. The aluminum solutions provider plans to list its shares on the New York Stock Exchange.

Novelis Inc, a wholly-owned subsidiary of Hindalco Industries, has filed documents with the SEC for its proposed initial public offering in the US. The aluminum solutions provider aims to list its...