๐ HEG demerger splits business into two listed companies
HEG has set September 7 as the record date for its demerger into two separate companies. The graphite electrodes business will become HEG Graphite, while the existing company will be renamed HEG Advanced Materials. The demerger ratio is fixed at 1:1, meaning shareholders get one new share for every existing one. Bhilwara Energy will also be amalgamated into HEG under specific share issuance terms. This restructuring comes as leadership changes take effect from September 1.