Corporate News Details

UltraTech Cement, Hindalco, and Grasim form UHG Holdings in Gujarat’s GIFT City

(21-Aug-26   18:44)

UltraTech Cement Limited announced the incorporation of UHG Holdings IFSC Private Limited on August 20, 2026, in Gujarat International Finance Tec-City (GIFT City), with Hindalco Industries Limited and Grasim Industries Limited as joint incorporators. UHG Holdings, which has a corporate identification number of U64910GJ2026PTC182701, is an associate of UltraTech Cement and will seek approval from the International Financial Services Centres Authority (IFSCA), with UltraTech Cement holding a 41% stake, Hindalco Industries Limited holding 50%, and Grasim Industries Limited holding 9% in the newly formed entity.