Articles Tagged "warrants"

Arbitrage opportunity increases China’s aluminum imports

Aluminum’s fundamentals remain dire, despite the upswing in Chinese Imports. Imports in the country are rising due to an arbitrage opportunity as Shanghai Futures Exchange aluminum is selling at a premium of $400-$500 per tonne on the London Metal Exchange.

AV Birla group lets Hindalco warrants lapse

The Aditya Birla group hasn’t exercised its right to convert warrants of Hindalco Industries that were issued earlier, thereby prompting the warrants to lapse. In the process, the Birla group forfeits Rs 139 crore. For full story, click here