By Debdeep Gupta | 08 Oct, 2024
HEG stock soars 6?ter firm acquires 8.23% stake in rival GrafTech International for Rs 248.62 crore
Shares of HEG surged over 6 percent on October 8 after the company acquired an 8.23 percent stake in industry rival GrafTech International for Rs 248.62 crore. GrafTech, with a market capitalization of approximately $416.61 million is listed on the New York Stock Exchange and specializes in the production of graphite electrodes, a segment closely aligned with HEG's core business.At 11.27 am, share...