LNJ Spark Advisory LLP has announced its acquisition of 4,05,36,893 equity shares in HEG Advanced Materials Limited, formerly HEG Limited. This transaction represents a 12.29% stake in the company’s voting capital. The acquisition occurred on September 12, 2026, pursuant to a composite scheme of arrangement, increasing LNJ Spark Advisory LLP’s shareholding by over 5%.
Significant Shareholding Increase
LNJ Spark Advisory LLP has disclosed a substantial increase in its shareholding in HEG Advanced Materials Limited (formerly known as HEG Limited). The advisory firm acquired 4,05,36,893 equity shares, which equates to a 12.29% stake in the total voting capital of the target company. This acquisition marks an increase in LNJ Spark Advisory LLP’s shareholding by more than 5% during the year.
Transaction Details
The acquisition was executed on September 12, 2026. It was carried out as part of a composite scheme of arrangement involving HEG Limited, HEG Graphite Limited, and Bhilwara Energy Limited. LNJ Spark Advisory LLP confirms it is part of the promoter group and persons acting in concert with the acquirer. The total diluted share capital of HEG Advanced Materials Limited post-acquisition stands at Rs. 65,95,97,824, comprising 32,97,98,912 equity shares.
Regulatory Disclosure
This disclosure is made in accordance with Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. A separate disclosure under Regulation 29(2) is also being made by the Promoter/Promoter Group, including LNJ Spark Advisory LLP. The total equity share capital of the target company before the acquisition was Rs. 38,59,55,060.
Source: BSE
