Did HEG shares really crash 64% in one day? Here’s how the demerger math works
HEG shares opened nearly 64% lower on Monday as the stock adjusted for the company’s demerger, which split its businesses into two separately listed entities. The graphite electrodes business will move to HEG Graphite, while the existing listed company will retain advanced materials, battery energy solutions and green power businesses and be renamed HEG Advanced Materials.
Shares of HEG experienced a significant decline of nearly 64% on Monday, following the company's demerger into two separate entities focusing on graphite electrodes and advanced materials. As of the record date, HEG shares opened 64% lower at Rs 260 apiece, trading without the value of the graphite electrodes business. The company now has a market capitalization of around Rs 5,095 crore.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
