Tega Industries Approves ₹1500 Crore Borrowing & ₹3617 Crore Investment for Molycop Acquisition
Tega Industries approved a ₹1500 crore borrowing facility and investments totaling ₹3617 crore for the Molycop acquisition. This includes ₹3517 crore in OCRPS and ₹1 crore in ordinary shares for Tega HoldCo, plus ₹99 crore for a new Indian subsidiary. The acquisition is targeted to close by March 31, 2026.
The scale of borrowing and investment, along with the strategic acquisition of Molycop, is expected to have a material impact on the company's financial structure and future business operations.
The company is securing significant funding and making substantial investments to facilitate a key acquisition, indicating strategic growth and expansion.
Tega Industries Limited announced significant financial decisions following its Board of Directors meeting held on February 12, 2026. The company has approved availing a borrowing facility of up to ₹1500 crore from scheduled commercial banks to finance the proposed acquisition of Molycop.
In addition to the borrowing, Tega Industries will invest up to ₹3517 crore in Tega HoldCo (a wholly-owned subsidiary) through optionally convertible redeemable preference shares (OCRPS) and ₹1 crore by subscribing to ordinary shares. Furthermore, the company will incorporate a new wholly-owned subsidiary in India (India WoS) and invest up to ₹99 crore in it. The India WoS will then invest in Tega HoldCo to facilitate the Molycop acquisition.
The Proposed Acquisition, initially disclosed on November 29, 2025, is expected to close by March 31, 2026, with an outer timeline of 12 months. The investments into Tega HoldCo will be made in tranches within these timelines. Tega HoldCo was incorporated on November 18, 2025, in Singapore and is yet to commence operations. The acquisition targets the grinding media for the mining industry. The investment in Tega HoldCo is considered a related party transaction but will be conducted on an arm's length basis.
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Tega Industries Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Tega Industries Limited. Read the original for the full detail.