With reference to the earlier announcement dated June 10, 2008, Hindalco Industries Ltd has now informed BSE that the meeting of the Board of Directors of the Company which is scheduled to be held on June 20, 2008, will consider as part of the agenda a comprehensive financing plan for take out of the existing bridge financing for acquisition of Novelis. This take out financing must be in place by November 10, 2008. The financing plan will evaluate various options including an equity rights issuance.