HEG Advanced Materials demerger to add to market cap

SEBI RA – Shubh Consultancy – Sunil Kotak – INH000015826 HEG Advanced Materials demerger to add ₹4,000 crore market capitalisation The demerger of LNJ Bhilwara Group company HEG Advanced Materials business will boost the market capitalisation of both the listed companies to ₹18,000 crore from ₹14,000 crore currently. This implies potential value unlocking of about 30 per cent, according to leading brokerages tracking the company. Under the restructuring scheme, the existing listed entity, HEG Advanced Materials, will retain its growth businesses, including battery materials, graphene, battery energy storage and green power. The graphite electrode business will be transferred to a new entity, HEG Graphite which is expected to be listed on the BSE and NSE around 45 days after the demerger, likely in the second half of October. Shareholders will receive one share of HEG Graphite for every share held in HEG Advanced Materials on a one-for-one basis. All this is for information. This is not a buy/sell recommendation. Thank you, Technofunda24