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The company has determined November 26 as the closing date of the issue and Rs 130.90 per share as the issue price, Hindalco said in a filing to the Bombay Stock Exchange.
The company proposes to issue 21.31 crore equity shares to raise aggregate proceeds of Rs 2,790 crore.
Last week, the company's shareholders had given approval to issue further securities of the company for an amount not exceeding Rs 2,900 crore.
Shares of Hindalco were trading at Rs 126.60, down 4.95 per cent in afternoon trade on the BSE.
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