HEG wins NCLT approval for demerger; shareholders to receive 1:1 HEG Graphite shares
Author: CNBC-TV18 Markets·
Key Takeaways
- •The NCLT has approved HEG Ltd’s demerger plan.
- •Shareholders will receive one HEG Graphite share for each HEG Ltd share held.
- •The graphite business is set to become a standalone entity after remaining procedural steps are completed.
- •HEG Ltd shares finished at ₹232.60 on the BSE, falling ₹31.65 or 4.28%.
HEG wins NCLT approval for demerger; shareholders to receive 1:1 HEG Graphite shares
The National Company Law Tribunal (NCLT) has approved HEG Ltd's demerger plan, under which shareholders of HEG will receive one share of HEG Graphite for every one share held in HEG Ltd.
The approval moves the restructuring one step forward, with the graphite business set to be separated into a standalone entity once the remaining procedural steps are completed. For shareholders, the 1:1 share entitlement means their holding in HEG will be mirrored by an equivalent holding in the new company under the approved scheme.
Shares of HEG Ltd ended at ₹232.60 on the BSE, down ₹31.65, or 4.28%.
