HEG Limited has informed the Exchange about approval for transfer of 51% equity stake held by Bhilwara Energy Limited (Associate Company) in Malana Power Company Limited to Chango Yangthang Hydro Power Limited (Wholly Owned Subsidiary Company of Bhilwara Energy Limited), subject to Bhilwara Energy Limited obtaining its Shareholder s Approval and other applicable approvals, if any.
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HEG Limited informed the exchange that its associate company, Bhilwara Energy Limited (BEL), has received approval to transfer its 51% equity stake in Malana Power Company Limited to Chango Yangthang Hydro Power Limited, a wholly owned subsidiary of BEL. The move is subject to BEL securing shareholder approval and any other regulatory clearances required. This is an internal reshuffle within BEL's own group structure rather than an external deal. HEG's own business and shareholding remain untouched by this transaction, and the filing is essentially a disclosure obligation as BEL is its associate.
Limited direct impact on HEG shareholders since the transaction is an internal reorganization within its associate company's group. Investors may monitor BEL's shareholder approval outcome but no material change is expected for HEG's consolidated position immediately.