HEG Ltd shares jump 3.9% as SEBI receives takeover disclosure for Ravi Jhunjhunwala & Others
Why did HEG Ltd shares jump today?
HEG Ltd shares saw a notable jump of 3.9% today. As of 04:45 PM on Wednesday, the stock was trading at ₹247.85 per share, reflecting the positive momentum in the session.
The primary trigger for this movement was a disclosure submitted to the stock exchanges. The filing, made under SEBI's takeover regulations, concerns a significant corporate action involving the Jhunjhunwala family and associated entities. The announcement detailed the allotment of shares as part of a Composite Scheme of Arrangement. This scheme involves the restructuring of HEG Limited (now renamed HEG Advanced Materials Limited), HEG Graphite Limited, and Bhilwara Energy Limited.
Under this arrangement, shares are being allotted to a group of acquirers, which includes prominent names such as Ravi Jhunjhunwala, his family members, and related investment entities like RSWM Limited and Redrose Vanijya LLP. Because this share acquisition is happening pursuant to a court-approved scheme of arrangement, the acquirers have been exempted from making an open offer to public shareholders, as per SEBI regulations. This restructuring and the formal disclosure of the share allotment to these key stakeholders are seen as the key developments influencing the stock's performance today.
What does HEG Ltd do?
HEG Advanced Materials Limited, formerly known as HEG Ltd., is a company whose shares are listed on the National Stock Exchange of India Limited and BSE Limited. The company was involved in a Composite Scheme of Arrangement amongst itself (as the Transferee Company), HEG Graphite Limited (as the Resulting Company), and Bhilwara Energy Limited (as the Transferor Company).
HEG Ltd Financials
In CroresHEG Ltd's financials show a positive trajectory over the two reported quarters. Revenue increased from ₹603.21 crores in March 2026 to ₹680.79 crores in June 2026, representing a growth of approximately 12.86%. On the profitability front, the company reported a significant turnaround, moving from a net loss of ₹113.77 crores in March 2026 to a net profit of ₹122.34 crores in June 2026, reflecting a substantial improvement in earnings performance quarter-over-quarter.
HEG Ltd Shareholding Pattern
Promoter holding stands at 0.05% of the total share capital. Foreign Institutional Investors (FIIs) hold 0.0% stake in the company, while Domestic Institutional Investors (DIIs) hold 0.0%. Public shareholders hold the remaining 99.95% stake in HEG Ltd.
HEG Ltd FAQs
Q: Why did HEG shares jump 3.9% today?
The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ravi Jhunjhunwala & Others. This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of HEG Ltd?
As per the latest data, promoters hold 0.05% stake in HEG Ltd, while FII holding stands at 0.0%. Domestic institutional investors hold 0.0%, and public shareholders account for 99.95% of the equity.
Q: What is the current stock price of HEG Ltd?
HEG Ltd shares are currently trading at ₹247.85, recording a gain of 3.9% from the previous close.
Q: What is the market capitalization of HEG Ltd?
The company currently has a market capitalization of ₹8174.07 crore, reflecting its valuation in the Indian equity market.