Hindalco is acquiring Novelis, a global leader in aluminum rolled products, for $6 billion. Novelis will give Hindalco entry into new markets and customers. The deal will make Hindalco the 5th largest aluminum company globally and give it access to Novelis' advanced technology and presence in four continents. Hindalco will fund the acquisition through debt financing and cash reserves. The combination of Hindalco and Novelis is expected to create significant synergies and competitive advantages for the expanded company.