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Latest news about Tega Industries

Tega Industries Raises Rs 1,713 Crore Through Preferential Share Allotment 6 days ago

Tega Industries Limited completed a preferential share allotment, raising Rs 1,713.29 crore. The company issued 85,92,206 shares at Rs 1,994.00 per share to various investors including promoters, mutual funds, and public investors. This corporate action increased the company's paid-up share capital from Rs 66.54 crore to Rs 75.13 crore, representing a 12.91% increase. The funds are expected to strengthen Tega's financial position and potentially support future growth initiatives.

Tata Mutual Fund Boosts Stake in Tega Industries to 5.36% via Preferential Allotment Nov 20, 2025

Tega Industries Reports 15% Revenue Growth in Q2 FY26, Equipment Business Surges 55% Nov 19, 2025

Tega Industries Establishes New Investment Subsidiary in Singapore Nov 19, 2025

Tega Industries Reports Strong Q2 Performance with Net Profit Soaring to 449 Million Rupees Nov 13, 2025

More news about Tega Industries

31Oct 25

Tega Industries Updates EGM Notice: Valuation Details and Preferential Issue Insights

Tega Industries has updated its EGM notice with crucial information about its upcoming preferential share issue. The company set the issue price at Rs. 1,994.00 per share, based on a valuation report. Key subscribers include promoters, directors, and Aditya Birla Sun Life AMC. Nihal Fiscal Services Private Limited will be allotted 220,661 shares, while promoters Mehul Mohanka and Madan Mohan Mohanka will receive 150,451 shares each. Aditya Birla Sun Life AMC is set to receive 300,902 shares, representing about 0.39% of post-issue shareholding.

26Sept 25

Tega Industries Revises Preferential Issue Allottees, Shifts EGM to Virtual Mode

Tega Industries Limited has announced changes to its proposed INR 2000.60 crore preferential issue, replacing 360 One Mutual Fund with four entities from the same group while maintaining the total allocation. The issue involves 1,00,33,090 equity shares across 85 allottees. Key allottees include Tata Mutual Fund (25,07,522 shares), Bandhan Mutual Fund (10,53,159 shares), and Tata AIA Life Insurance (10,03,009 shares). The company also changed its upcoming EGM on October 10, 2025, to a virtual format following MCA guidelines. Additionally, Tega Industries announced the closure of the trading window for designated persons from October 1, 2025, until 48 hours after the declaration of Q2 financial results.

18Sept 25

Tega Industries Raises Rs 2,000 Crore in Major Fundraise, Mukul Agarwal Invests Rs 100 Crore

Tega Industries completed a significant fundraising round, issuing 100,33,090 equity shares at Rs 1,994 per share, raising approximately Rs 2,000.60 crore. Key investors include Tata Mutual Fund (Rs 500 crore), Bandhan Mutual Fund (Rs 210 crore), and Tata AIA Life Insurance (Rs 200 crore). Promoters and investor Mukul Agarwal also participated. Separately, Tega, with Apollo Global Management, agreed to acquire US-based Molycop for $1.48 billion, with Tega holding 77% stake.

18Sept 25

Tega Industries Approves Rs 2,000.60 Crore Preferential Issue to 85 Investors

Tega Industries, a manufacturer of specialized products for the global mineral beneficiation and mining industry, has approved a preferential issue of 100,33,090 equity shares to raise Rs 2,000.60 crores from 85 investors. The issue price is set at Rs 1,994.00 per share. Major investors include Tata Mutual Fund (Rs 500 crores), Bandhan Mutual Fund (Rs 210 crores), and Tata AIA Life Insurance (Rs 200 crores). The promoter group will receive equity worth Rs 154 crores. An Extraordinary General Meeting is scheduled to seek shareholder approval for the issue.

15Sept 25

Tega Industries Board Greenlights Rs 4,000 Crore Fundraising Plan

Tega Industries' board has approved a plan to raise up to Rs 4,000 crore through the issuance of equity shares and other securities. This significant fundraising initiative aims to strengthen the company's financial position, potentially supporting expansion, R&D, debt reduction, or strategic acquisitions in the industrial machinery sector. The flexible funding approach allows Tega to adapt to market conditions, though specific use of funds and timeline are not yet disclosed.

13Sept 25

Tega Industries to Acquire Molycop for $1.48 Billion, Expanding Global Mining Consumables Footprint

Tega Industries Limited has entered into a term sheet to acquire Molycop, a global supplier of grinding media for the mining industry, for approximately $1.48 billion. The acquisition, in partnership with Apollo Funds as a minority investor, is expected to close by December 31, 2025, or early January 2026. The deal will be funded through a combination of equity instruments and debt. Molycop serves over 400 mines across 40 countries and reported an EBITDA of $173 million. The combined entity aims to become a leading designer and manufacturer of critical consumables for mining and mineral processing industries, with expected synergies of $20 million by year two, scaling to $30 million annually from year four. Tega Industries targets EBITDA margin expansion from 11.50% to 15.00% over time and aims to lower net debt to EBITDA ratio below 2.5x over four years.

13Sept 25

Tega Industries Unveils Ambitious Rs 4,000 Crore Funding Plan

Tega Industries' board has approved raising up to Rs 4,000 crores through various financial instruments including public issues, preferential allotments, private placements, and QIPs. The board also approved increasing investment and loan limits to Rs 4,000 crores, boosting borrowing power by Rs 2,000 crores, and authorizing charges on company properties for potential borrowings. These measures are subject to shareholder and regulatory approvals.

11Sept 25

Tega Industries to Host Conference Call on Proposed Molycop Acquisition

Tega Industries Limited has scheduled a conference call on September 12, 2025, at 10:00 AM IST to discuss its proposed acquisition of Molycop in consortium with Apollo Funds. The call will feature key executives including the Managing Director & Group CEO and Chief Financial Officer. Participants can join via various international toll-free numbers or a pre-registration link. The acquisition could significantly impact Tega's market position and growth strategies in the mineral beneficiation, mining, and bulk solids handling industry.

10Sept 25

Tega Industries Unveils Ambitious Fundraising and Acquisition Plans

Tega Industries, in consortium with Apollo Global Management affiliates, plans to acquire Molycop for $1.5 billion. The deal combines Tega's polymer mill lining expertise with Molycop's grinding media leadership. Post-acquisition, the consolidated entity is expected to generate $1.73 billion in revenue and $217 million in EBITDA. Tega will own 77% of Molycop. The company is also exploring fundraising options, including equity shares and debt securities issuance. The acquisition aims to create a comprehensive solution provider for mining operations, with presence in over 40 countries and 26 manufacturing sites.

10Sept 25

Tega Industries to Acquire Molycop for $1.5 Billion, Becoming Global Leader in Mining Consumables

Tega Industries Limited plans to acquire Molycop, a global supplier of grinding media, for $1.5 billion. The deal, led by a consortium of Tega (77%) and Apollo Management Singapore (23%), aims to create a leading provider of critical consumables for the mining industry. The combined entity is expected to generate annual revenues of $1.7 billion with an EBITDA of $217 million. The acquisition will expand Tega's product portfolio, global footprint, and R&D capabilities. The transaction is set to close by December 31, 2025, subject to regulatory approvals.

06Sept 25

Tega Industries' Subsidiary Appoints New CEO, Company Revises Dividend Record Date

Tega Industries Limited has appointed Mr. Syed Yaver Imam as the new CEO of its subsidiary, Tega McNally Minerals Limited, effective June 01, 2024. The company has also revised the record date for its final dividend payment for FY 2024-25 from September 08, 2025, to September 09, 2025, due to a public holiday. Shareholders on record as of the new date will be eligible for the dividend. This change complies with SEBI regulations and has been communicated to the BSE and NSE.

05Sept 25

Tega Industries Shifts Dividend Record Date to September 09, 2025

Tega Industries Limited has changed the record date for determining shareholder eligibility for the final dividend payment for FY 2024-25 from September 08 to September 09, 2025. This change is due to an unexpected public holiday declared on September 08, 2025, as communicated by NSE and BSE. The revision ensures compliance with regulatory requirements and affects the timing for shareholders to be registered for dividend eligibility.

05Aug 25

Tega Industries Reports Strong Order Book of ₹1,005 Crore, Q1 Revenue Up 6% YoY

Tega Industries announced an order book of ₹1,005 crore, with ₹610 crore executable within 12 months. Q1 FY26 results show total revenue of ₹3,716.00 million, up 6% YoY. EBITDA stood at ₹711.00 million, and PAT at ₹353.00 million. The company's Consumables segment generated ₹2,940.23 million in revenue, while Equipment segment contributed ₹643.18 million. International operations accounted for ₹2,691.82 million of revenue. Management is focusing on execution efficiency and cost management to improve margins.

05Aug 25

Tega Industries Reports Q1 Revenue Growth Amid Profit Decline

Tega Industries, a manufacturer of specialized products for the global mineral beneficiation and mining industry, reported mixed Q1 results. Revenue from operations increased by 4.74% to ₹3,560.92 crore, but consolidated net profit declined by 3.83% to ₹353.35 crore. EBITDA decreased to ₹556.00 crore, with margin contracting to 15.60%. The company's revenue is primarily driven by international markets, accounting for over 75% of total revenue. Despite challenges, management remains focused on operational efficiency and strategic growth initiatives.

15May 25

Tega Industries Reports Strong Q4 Results, Declares Dividend

Tega Industries, a manufacturer of specialized products for the mineral processing industry, announced its Q4 FY2023 results. The company's consolidated net profit increased by 14% year-over-year to ₹1.02 billion, while revenue grew by 5.1% to ₹5.36 billion. EBITDA for the quarter was ₹1.49 billion with a margin of 27.78%. The board has recommended a final dividend of ₹2 per equity share.