Announced Mon, 21 Sept · 12:42 IST
HEG promoter group gets 12.29% via composite scheme of arrangement
Listed Co AcquisitionDemerger Ratio AnnouncedNclt Scheme FiledStrategic Transactions View source PDFExplain this filing
HEG · price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹237.05
prior close
₹244.75
base price
In-mkt
timing
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-0.4+0.4+0.3+1.2——————————
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AI summary
LNJ Spark Advisory LLP, part of promoter group of HEG (now HEG Advanced Materials), received 4.05 crore equity shares (12.29% stake) via allotment under a Composite Scheme of Arrangement. The scheme merges Bhilwara Energy into HEG and creates HEG Graphite as a resulting company. Shareholders got 8 HEG shares for every 7 Bhilwara Energy shares. HEG equity capital rose from Rs 38.6 crore to Rs 66 crore.
Likely market impact
Promoter group holding crosses 5% threshold due to scheme-driven share issuance. Separate Reg 29(2) disclosure also filed by promoter group.