Subsidiary21 Aug 2026, 06:20 pm
Hindalco Incorporates UHG Holdings IFSC Private Limited
AI Summary
Hindalco Industries Limited has announced the incorporation of its wholly-owned subsidiary, UHG Holdings IFSC Private Limited. The new entity is established with the objective of engaging in the business of aircraft, ships, and other transportation modes within the IFSC jurisdiction. Hindalco Industries Limited holds a 50% stake in UHG Holdings, with UltraTech Cement Limited holding 41% and Grasim Industries Limited holding 9%. The incorporation is in line with applicable regulations in the IFSC jurisdiction.
Key Highlights
- Hindalco incorporates UHG Holdings IFSC Private Limited.
- New entity to operate in aircraft, ships, and transportation.
- Hindalco holds 50% stake; UltraTech and Grasim hold the rest.
- Incorporation is within IFSC jurisdiction.
Price Impact
More from HINDALCO