Hindalco Industries, a flagship company of the Aditya Birla group, today announced that it has closed the issue  of shares under QIP on Nov. 26, 2009.

The company issued 213,147,391 shares of face value of Rs 1 each and  issue price was set as Rs 130.90 a equity share.

The company raised Rs 27,901 million and net proceeds, after deduction of issue expenses, of Rs 274,88 million.

The company has further informed that its outstanding paid up capital, pursuant to the issue shall be Rs 1,913 million.

Shares of the company declined Rs 2.15, or 1.59%, to trade at Rs 133.20. The total volume of shares traded was 3,883,589 at the BSE ( Thursday).