Edited sentence: , acquired 75,415,536 common shares of Novelis, representing 100 percent of the issued and outstanding common shares.Hindalco, through its wholly-owned subsidiary AV Metals Inc.Immediately after closing, AV Metals Inc.On February 11, 2007, the company entered into an agreement to acquire the Canadian company Novelis for U$6 billion, making the combined entity the world's largest rolled-aluminium producer.On May 15, 2007, the acquisition was completed with Novelis shareholders receiving $44.93 per outstanding share of common stock.transferred the common shares of Novelis to its wholly-owned subsidiary AV Aluminum Inc