Mumbai, January 9, 2026
HEG Limited (BSE: 509631 | NSE: HEG) has infused Rs 400 crore into its wholly-owned subsidiary, TACC Limited, through the subscription of optionally convertible debentures as part of a previously announced funding arrangement.
The company has remitted Rs 400 crore towards the subscription of 4 crore unlisted and unsecured optionally convertible debentures, each with a face value of Rs 100, marking the completion of the first tranche under the agreement between the two entities. The debentures have been issued on a fully paid-up basis, aggregating to a total consideration of Rs 400 crore.
Following the remittance, TACC Limited, which is a 100 percent subsidiary of HEG, has allotted the entire 4 crore debentures to HEG Limited at an issue price of Rs 100 per debenture. The allotment was completed on January 9, 2026, through a private placement.
The transaction strengthens the capital base of TACC Limited and aligns with HEG’s strategy of supporting its subsidiary’s funding requirements through structured instruments. The optionally convertible nature of the debentures provides financial flexibility while retaining control within the group.
Transaction Snapshot
| Particulars | Details |
|---|---|
| Subsidiary | TACC Limited |
| Instrument | Optionally Convertible Debentures |
| Number of Debentures | 4,00,00,000 |
| Face Value per Debenture | Rs 100 |
| Issue Price | Rs 100 |
| Total Amount | Rs 400 crore |
| Tranche | First |
HEG Limited is a listed company engaged in the manufacture of graphite electrodes, catering to the steel industry across domestic and global markets. The company is part of the LNJ Bhilwara Group and continues to focus on capacity optimization, operational efficiency, and strategic investments within its group structure.
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