Investment22 Apr 2025, 06:54 pm
HEG Ltd Announces INR 250 Crore Investment in Bhilwara Energy Limited by Singularity Growth Opportunities Fund II
AI Summary
HEG Ltd has announced an investment of approximately INR 250 crore by Singularity Growth Opportunities Fund II and its affiliates in Bhilwara Energy Limited (BEL). The investment will be made in consideration for subscription, allotment, and issuance of 1,75,95,979 equity shares of face value INR 10 each at Rs 142.08 per share, which will result in the Investors holding 9.6% of the paid-up share capital of BEL post-issuance. The board of directors of BEL has approved the allotment of the Subscription Shares to the Investors. This is a material development following the earlier disclosure under Regulation 30 of SEBI LODR.
Key Highlights
- Singularity Growth Opportunities Fund II to invest approximately INR 250 crore in Bhilwara Energy Limited
- Investment consideration is for subscription, allotment, and issuance of 1,75,95,979 equity shares at Rs 142.08 per share
- Post-issuance, Investors will hold 9.6% of the paid-up share capital of BEL
- BEL's board of directors has approved the allotment of Subscription Shares to the Investors
- This development follows the earlier disclosure under Regulation 30 of SEBI LODR