HEG: Promoter group stake rises to 60.72% via composite scheme allotment

Listed Co AcquisitionNclt Scheme FiledStrategic Transactions View source PDF Explain this filing

HEG · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+5.0%Reaction day

₹225.80

prior close

₹237.05

announcement price

In-mkt

timing

Nifty Smallcap 250market+1.5%+3.4% vs market

Electrodes & Refractories peers, median of 10sector+1.1%+3.9% vs sector

On the reaction day the stock moved 3.4 pts more than Nifty Smallcap 250 and 3.9 pts more than its Electrodes & Refractories peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

+0.0

15m

+0.0

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+5.0+1.5+3.4+1.1+3.9

Next day

+10.1+1.5+8.6+0.5+9.6

+2.3+1.4+0.9+1.5+0.8

+5.7+2.2+3.5+0.9+4.8

+4.5+0.8+3.7+0.3+4.2

+8.5+0.8+7.6+0.9+7.6

+5.8-1.5+7.3-1.3+7.1

15d

+1.9-1.3+3.2-1.6+3.4

-3.1-3.2+0.0-5.2+2.1

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UpDownMarket · Nifty Smallcap 250Sector · Electrodes & Refractories peers, median of 10Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Promoter group entities of HEG Advanced Materials (formerly HEG Ltd) received share allotment under a Composite Scheme of Arrangement involving HEG Graphite as the resulting company and Bhilwara Energy as the transferor company, under Sections 230 to 232 of the Companies Act. Promoter group holding rose from 56.28% to 60.72%. No open offer triggered as exemption claimed under Regulation 10(1)(d)(ii) for scheme-based acquisitions.

Likely market impact

Internal promoter restructuring; no open offer obligation; existing shareholders not directly affected.