Hindalco Industries Limited: ₹5,00,000 (face value ₹10 per share)
UltraTech Cement Limited: ₹4,10,000 (face value ₹10 per share)
Grasim Industries Limited: ₹90,000 (face value ₹10 per share)
Funding Source: Internal accruals (implied by cash consideration structure)
Financial Impact: Not disclosed - entity is newly incorporated with no operational history or turnover
Timeline: Incorporation completed on August 20, 2026. No specific completion timeline provided for operational commencement.
Strategic Rationale:
To strengthen the business and operational network of Hindalco Industries Limited
To purchase, lease/sub-lease, charter, hire, own, and operate aircrafts, ships, ocean vessels, and other modes of transportation
Operations will be conducted in accordance with applicable regulations in IFSC jurisdiction
Approval Status:
Company incorporated on August 20, 2026 under Corporate Identification Number U64910GJ2026PTC182701
UHG Holdings will seek International Financial Services Centres Authority (IFSCA) approval for operations
Reference Regulation: SEBI Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015; SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2024
Additional Information:
UHG Holdings is a related party of Hindalco Industries Limited as it was jointly incorporated by Hindalco, UltraTech Cement Limited, and Grasim Industries Limited (Promoter Group Company)
The entity is governed by the International Financial Services Centres Authority Act, 2019 and International Financial Services Centres Authority (Finance Company) Regulations, 2021
Located in International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT City)
