Promoter group shareholding rises via scheme-driven share allotment

Listed-company acquisitionCore business divestedScheme filed with the NCLTStrategic 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

₹226.30

announcement price

After-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

+4.8

10m

+4.7

15m

+4.7

30m

+4.8

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

—————

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

LNJ Spark Advisory LLP, part of the Jhunjhunwala promoter group, received additional shares in HEG Advanced Materials (formerly HEG Ltd) via allotment under a Composite Scheme of Arrangement involving HEG Graphite (Resulting Company, demerger) and Bhilwara Energy (Transferor Company, merger). Promoter group holding rose from 56.28% to 60.72%. Transaction exempt from open offer under Regulation 10(1)(d)(ii) of SEBI SAST Regulations.

Likely market impact

No open offer triggered. Promoter stake rises through a court-approved restructuring. Marks HEG's graphite demerger and group consolidation.