HEG Limited — Important, 22-04-2025: Agreements

HEG Limited has confirmed the finalization of its investment transaction with Bhilwara Energy Limited (BEL), following the earlier approval from its board for a share subscription and shareholders' agreement. Singularity Growth Opportunities Fund II and other identified investors will invest approximately INR 250 crore (Cr) in BEL, resulting in the issuance of 1,75,95,979 equity shares at INR 142.08 each. With this transaction, the investors will hold 9.6% of BEL's paid-up share capital. BEL has met all conditions for the investment, receiving INR 25 crore (Cr) as share application money, and the board has officially approved the allotment of shares. This development marks a significant step in HEG's strategic investment initiatives, underscoring both growth potential and strategic alignment within their business framework.