HEG surges on getting approval to increase stake in Bhilwara Energy

HEG surges on getting approval to increase stake in Bhilwara Energy

by admin- Wednesday, April 3rd, 2019 04:32:33 PM

HEG is currently buying and selling at Rs. 2125.00, up by way of 36.25 factors or 1.74% from its preceding final of Rs. 2088.Seventy five on the BSE.

The scrip opened at Rs. 2128.00 and has touched a excessive and low of Rs. 2134.05 and Rs. 2098.Seventy five respectively. So some distance 3627 stocks had been traded on the counter.

The BSE group ‘A’ stock of face price Rs. 10 has touched a fifty two week excessive of Rs. 4950.00 on sixteen-Oct-2018 and a fifty two week low of Rs. 1970.00 on 27-Mar-2019.

Last one week high and occasional of the scrip stood at Rs. 2200.Eighty five and Rs. 1990.00 respectively. The cutting-edge market cap of the agency is Rs. 8061.Sixty four crore.

The promoters preserving inside the agency stood at sixty one.04%, even as Institutions and Non-Institutions held 18.Fifty seven% and 20.39% respectively.

HEG has acquired approval to increase the stake in Bhilwara Energy (BEL), an Associate Company of HEG, from 29.Forty eight% to forty nine%. BEL is both itself or thru its subsidiaries has portfolio of operational 278 MW of Hydro and 34 MW of Wind belongings. A cash attention of Rs 162.05 crore could be given for acquiring additional three,23,51,004 fairness stocks to boom the Company’s conserving from 29.Forty eight% to 49%. The Board of Directors of the Company at its meeting hung on April 02, 2019 has approved the same.

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