Announced Fri, 21 Aug, 2026 · 19:19 IST
Grasim incorporates UHG Holdings with UltraTech and Hindalco at GIFT City
GRASIM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.6%1-day move
₹3308.00
prior close
₹3316.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.7-0.9-1.0-1.0-0.6-0.0-1.2-0.8+1.9-0.5-4.1-4.3——
Up moveDown movePending
AI summary
Grasim, UltraTech Cement, and Hindalco jointly incorporated UHG Holdings IFSC Private Limited at GIFT City on 20 Aug 2026. Shareholding: Hindalco 50%, UltraTech 41%, Grasim 9%. The new entity will own, lease, charter, and operate aircraft, ships, ocean vessels, and other transportation assets under IFSC regulations. UHG Holdings has become a related party of Grasim.
Likely market impact
Minor new entity creation within the Aditya Birla group for transportation assets. No direct material financial impact on Grasim given its small 9% stake.