HEG Limited — Board Meeting, 10-03-2025: Outcome of Board Meeting

HEG has announced a board meeting outcome highlighting the approval of a share subscription and shareholders' agreement with Singularity Growth Opportunities Fund II and existing shareholders of Bhilwara Energy Limited (BEL). This involves an investment of ₹250.00 crore by Singularity, leading to an issuance of 1,75,95,979 shares, giving investors a 9.6% stake in BEL. Singularity also has the option for an additional investment of ₹250.00 crore in BEL. Post-transaction, HEG's stake in BEL will reduce from 49.01% to 44.30%.