HEG Limited has informed the Exchange about Sale of Stake held By Bhilwara Infotechnology Limited, a Wholly Owned Subsidiary Company, in Texnere India Private Limited
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HEG Limited has informed the stock exchange that its wholly owned subsidiary, Bhilwara Infotechnology Limited, has sold its stake in Texnere India Private Limited. The transaction involves a private (unlisted) company, and the announcement does not disclose the financial value, the size of the stake sold, or the buyer. HEG's main business remains graphite electrode manufacturing, and Texnere appears to be an unrelated, non-core investment held through the subsidiary. No further details on the deal terms or the buyer's identity have been shared in this filing.
This is a routine portfolio reshuffle by a subsidiary and is unlikely to have a meaningful impact on HEG's core earnings or stock price. Shareholders should note this as an internal restructuring of non-core holdings rather than a strategic shift.