ULTRACEMCOUltraTech Cement Limited
UltraTech Cement Board Approves Corporate Guarantee of Up to USD 55 Million for Associate UHG Holdings
- Agreement
- Cement And Cement Products
UltraTech Cement Limited has told the exchanges that its board, at a meeting on 19 Oct 2026 from 12 noon to 1:40 p.m., approved a corporate guarantee of up to USD 55 million in connection with a loan to be taken by UHG Holdings IFSC Private Limited, an associate company.
UHG Holdings is a related party. Grasim Industries Limited, a promoter, holds 9% of it, and Hindalco Industries Limited, a promoter group company, holds 50%. The guarantee is irrevocable and unconditional, is for UHG Holdings to pursue its business, and the company says the transaction is at arm's length. The company says it has no impact except to the extent of the amount guaranteed.
Sign up to continue reading
Create a free account to read the rest of this article and the analysis that follows.
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.
