April 25 (Reuters) - Metals X Ltd MLX.AX :
* Conditional intention to increase aby takeover offer MLX.AX
* Says Metals X has been advised by aby that Hindalco has stated its intention to accept the increased offer
* Board of aby recommends that aby shareholders accept if the offer is increased
* Intends to increase offer for aby to one mlx share for every 4 and one-half(4.5) aby shares plus 8 cents per aby share in cash
* Says additional cash component of the consideration is supported by a specific purpose loan facility of $25 million
* Metals X notes that if the rbi approval is not received by Hindalco, then Metals X will not make this increase to the offer
* Hindalco's intention is subject only to receipt of required regulatory approval from rbi & no superior proposal materialising in next 5 business days
* Source text for Eikon ID:nASXc22XZg