HEG has acquired 8.23% stake in the shares of GrafTech International (Graftech), a NYSE Listed Company through Secondary Market Transactions/Overseas Portfolio Investment (OPI) scheme of Foreign Exchange Management (Overseas Investment) Rules, 2022.
The Company has also filed the required information with United States Securities and Exchange Commission under Securities Exchange Act of 1934. Purchase of Shares through secondary market transactions/overseas portfolio investment scheme of Foreign Exchange Management (Overseas Investment) Rules, 2022 is for investment purpose. Total amount invested to the tune of Rs 248.62 crore.
HEG is a leading manufacturer and exporter of graphite electrodes in India and operates world's largest single-site integrated graphite electrodes plant.
