Now Reading: NCLT approves HEG demerger into two listed companies
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NCLT approves HEG demerger into two listed companies
HEG Ltd has received NCLT approval for its demerger into two independent companies: HEG Graphite Ltd and HEG Ltd. Shareholders will get one share of HEG Graphite for each HEG share they hold.
The NCLT Indore Bench order was uploaded on August 18, 2026. The scheme will become effective after the certified copy is filed with the Registrar of Companies. Both Livemint and NDTV Profit report the approval following board, shareholder, and stock exchange clearances. HEG Graphite will house the world's largest graphite electrode plant, while the continuing HEG Ltd will focus on advanced materials, battery energy, and renewable power. Shares of HEG closed at Rs 232.60 on Wednesday, down 4.28%.
The demerger aims to create separately valued businesses with distinct strategies. EY acted as structuring advisor and Khaitan & Co as legal advisor.
Indian Opinion Analysis
Both Livemint and NDTV Profit report the NCLT demerger approval for HEG Ltd in near-identical, neutral wire-reporting style. Livemint leads with the share-swap ratio and includes extended stock performance data and a Chairman quote. NDTV Profit leads with the NCLT bench details and the scheme's effective date after RoC filing. Neither outlet adopts a critical or pro-government stance, the coverage is uniform, straight factual reporting. The key difference is emphasis: Livemint frames the story for investors, NDTV Profit for regulatory watchers. Together, the coverage omits any dissenting creditor vote or regulatory concern. The effective date after RoC filing is the one concrete next step to watch.
Coverage: 2 sources, 2 neutral
Sources (2): livemint.com (neutral report), ndtvprofit.com (neutral report)
This story was synthesised by AI from the 2 sources linked above. Methodology and corrections.
Updated: this story now draws on 2 sources.
