Quant Mutual Fund Backed Stock HEG Declared Stock Split

HEG Limited, a leading player in the electrodes and refractories industry, has taken a significant step by declaring its first-ever stock split. This move is intended to make the company’s shares more accessible to retail investors and to improve the liquidity of its equity shares. Established in 1977, HEG has grown to become the largest integrated graphite plant globally, with graphite being its primary business, contributing 80% of its revenue.

HEG Limited Announces Stock Split

HEG Limited’s board of directors has approved a stock split that will make its shares more affordable for investors. The company, known for its consistent dividend payouts, is splitting each fully paid equity share with a face value of ₹10 into five shares with a face value of ₹2 each. The 10:2 split ratio means that for every one existing equity share, shareholders will now hold five shares. This initiative is expected to enhance the liquidity of HEG’s shares and broaden its retail investor base.

Quant Mutual Fund’s Significant Stake in HEG

An important detail in this development is the involvement of Quant Mutual Fund, which holds a substantial stake in HEG Limited. Quant Mutual Fund owns 20,07,211 shares, representing 5.20% of the company’s total shares. This holding underscores the confidence that institutional investors have in HEG’s growth prospects.

Top Mutual Fund Holding HEG

Conclusion: HEG Limited’s decision to implement a stock split marks a strategic move to make its shares more attractive to retail investors and to boost market liquidity. With the backing of institutional investors like Quant Mutual Fund, the company is well-positioned to continue its leadership in the graphite industry. This stock split is a promising sign of the company’s ongoing commitment to enhancing shareholder value.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.