Tega Industries Limited has informed the Exchange about General Updates
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Tega Industries' board has approved a borrowing facility of up to ₹1,500 Crores from scheduled commercial banks to finance its previously announced acquisition of Molycop (a global grinding media player for the mining industry). The company will also invest up to ₹3,517 Crores into its Singapore wholly owned subsidiary Tega HoldCo via optionally convertible redeemable preference shares (OCRPS) and ₹1 Crore via ordinary shares. Additionally, it will incorporate a new wholly owned subsidiary in India with an investment of up to ₹99 Crores, which will further channel funds into Tega HoldCo. The Molycop deal was first announced on November 29, 2025, and is expected to close by March 31, 2026, with an outer timeline of 12 months.
This is a transformational, debt-funded acquisition that will significantly expand Tega's footprint in mining consumables but will also raise the company's leverage and dilute near-term returns. Shareholders should watch for completion timelines and any future equity raise to reduce debt burden.