1 hr ago
HEG Shares Gain Three Per Cent After Graphite Business Demerger
HEG split its business into two separate companies.
One company will focus on graphite, while the other will focus on advanced materials.
After the split, HEG shares rose by about three per cent on the BSE.
The company was valued at ₹5,300 crore based on its NSE closing price.
Shareholders who owned shares on September 7 will receive shares in the new graphite company.
HEG Graphite is expected to begin trading on exchanges in the second half of October.
Analysts at Emkay Global estimated values for both businesses using financial models.
The company said the split could help each business focus on its own growth plans.
HEG shares began trading ex-graphite at ₹265 on the BSE and rose three per cent to ₹274.
The company closed at ₹273 on the NSE, valuing the ex-graphite business at ₹5,300 crore.
Shareholders holding shares on September 7 will receive one HEG Graphite share for every HEG share held.
HEG Graphite is expected to list on stock exchanges in the second half of October.
Emkay Global valued the graphite business at about ₹9,700 crore and the advanced-materials entity at about ₹8,360 crore.
- Who
- HEG, its shareholders, Ravi Jhunjhunwala, Riju Jhunjhunwala and Emkay Global Financial Services.
- What
- HEG completed the ex-graphite trading stage of a demerger separating its graphite and advanced-materials businesses.
- Where
- The shares traded on the BSE and NSE.
- When
- Shares began trading ex-graphite on September 7, 2026; HEG Graphite is expected to list in the second half of October.
- Why
- The demerger is intended to create two focused, independently valued businesses with separate strategies and capital allocation.
Key facts
- BSE opening price
- ₹265 per share
- BSE intraday price
- ₹274 per share, up three per cent
- NSE closing price
- ₹273 per share
- Ex-graphite valuation
- ₹5,300 crore
- Graphite business valuation
- About ₹9,700 crore, according to Emkay Global Financial Services
- Advanced-materials valuation
- About ₹8,360 crore, according to Emkay Global Financial Services
- Share entitlement
- One HEG Graphite share with a face value of ₹2 for every HEG share held on September 7
Quotes
Riju Jhunjhunwala
Chairman, Managing Director and Chief Executive Officer of HEG Advanced Materials
“We believe this sharper focus will enable each business to unlock its full potential while creating sustainable, long-term value for our shareholders”
thehindubusinessline.com
Sources
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