Hindalco Industries Limited Incorporates UHG Holdings in GIFT City to Bolster Operational Network
Hindalco Industries Limited has taken a strategic step by incorporating UHG Holdings IFSC Private Limited, an entity designed to strengthen the business and operational network of the company. The new holding company was incorporated on August 20, 2026, within the International Financial Services Centre (IFSC) in GIFT City, Gujarat.UHG Holdings has become a related party to Hindalco Industries Limited, as it was incorporated jointly by Hindalco along with UltraTech Cement Limited and Grasim Industries Limited (a Promoter Group Company). The entity is governed by the laws of the International Financial Services Centres Authority (IFSCA).
The incorporation of UHG Holdings aims to support the company's operational expansion. According to its mandate, UHG Holdings has been established with the object to purchase, lease, sub-lease, charter, hire, own, or operate various modes of transportation, including aircrafts, ships, and ocean vessels, in accordance with applicable regulations within the IFSC jurisdiction.
The financial structure and shareholding distribution of UHG Holdings are detailed as follows:
| Subscriber | No. of shares | Face Value (in Rs.) | Consideration (in Rs.) | % shareholding |
|---|---|---|---|---|
| Hindalco Industries Limited | 50,000 | 10 | 5,00,000 | 50% |
| UltraTech Cement Limited | 41,000 | 10 | 4,10,000 | 41% |
| Grasim Industries Limited | 9,000 | 10 | 90,000 | 9% |
UHG Holdings IFSC Private Limited is based in India (GIFT City, Gujarat).
HINDALCO Stock Price Movement
On Friday, Hindalco Industries Limited shares edged up to close at ₹1034.00, registering a gain of 0.4%. The stock saw robust trading throughout the day, with over 2,644,211 shares changing hands.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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