HEG Limited Enters Media Services Agreement with Adfactors PR Private Limited
HEG Limited has formalized a Media Services Agreement with Adfactors PR Private Limited for comprehensive public relations and media communication support. The agreement outlines the scope of services related to the Company's external communications and stakeholder engagement needs.The contract, which formalizes the partnership between HEG Limited and Adfactors PR Private Limited, involves providing specialized services across several domains, including Media & Market Outreach, Strategic Stakeholder Engagement, Digital and Social Amplification, Master Narrative development, and Thought Leadership initiatives.
In terms of the agreement's structure and operational parameters, the parties have confirmed that there is no existing shareholding in Adfactors PR Private Limited. Furthermore, neither party holds a relationship with the promoter or the Promoter Group of HEG Limited, meaning the transaction has been assessed as non-related.
The material terms of the service engagement were reviewed, confirming that the agreement does not grant any special rights to Adfactors PR Private Limited. These rights include, but are not limited to, the right to appoint directors, a right of first refusal regarding securities issued by HEG Limited, or any provision allowing them to restrict changes in the Company's capital structure.
Key details concerning the engagement are summarized below:
| Particular | Details |
|---|---|
| Service Provider | Adfactors PR Private Limited |
| Services Provided | Public relations and media communication services (including Media & Market Outreach, Strategic Stakeholder Engagement, Digital & Social Amplification, Master Narrative, and Thought Leadership). |
| Shareholding in Service Provider | NIL |
| Special Rights in Agreement | The agreement contains no special rights to appoint directors or first right of refusal on securities. |
| Related Party Status | The transaction does not constitute a Related Party Transaction. |
HEG Stock Price Movement
Shares of HEG Limited slipped on Wednesday, closing at ₹674.35 after shedding 0.87%. The stock saw robust trading activity, recording a volume of 861,879 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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