HEG Limited has informed the Exchange regarding a press release dated December 24, 2025, titled "Press Release issued by Bhilwara Energy Limited (Associate Company) of the Company, announcing the acquisition of 100% Stake in 76 MW Phata Byung Hydroelectric Project in Uttarakhand.".
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HEG Limited has shared with the exchange a press release from its associate company, Bhilwara Energy Limited. Bhilwara Energy has announced the acquisition of a 100% stake in the 76 MW Phata Byung Hydroelectric Project located in Uttarakhand. The transaction is a full buyout, meaning Bhilwara Energy will wholly own and operate this hydro power asset after the deal closes. The announcement is dated December 24, 2025, and HEG is only a messenger in this case since the acquiring entity is its associate, not HEG itself. No financial details of the deal, such as the purchase price or funding source, have been disclosed in this filing.
This move could indirectly benefit HEG shareholders to the extent that Bhilwara Energy's expanded clean-energy portfolio strengthens the overall value of HEG's investment in the associate. Short-term impact on HEG's stock is likely limited since the acquisition is at the associate level and no fresh capital raise or direct impact on HEG's own operations is mentioned.