Tega Industries Enters Agreements for Molycop Group Acquisition
Tega Industries to acquire Molycop group with Apollo Management Singapore Pte. Ltd. Investment includes Tega HoldCo subscribing to USD 359 million ordinary shares and Apollo HoldCo subscribing to USD 109 million ordinary and USD 270 million preference shares.
The acquisition of Molycop group represents a significant strategic move for Tega Industries, potentially leading to increased market share and revenue.
The announcement details a strategic acquisition that expands Tega Industries' business through investment, which is generally viewed positively.
* Tega Industries has entered into definitive agreements with AP Jupiter Holdco (SG) Pte. Ltd. (“Apollo HoldCo”) for their investments in Tega MC JV Holdings Pte Ltd (“SG Company”) and Tega MC SG Investments I Pte. Ltd in connection with the proposed acquisition of the Molycop group. * Tega HoldCo has agreed to subscribe to ordinary shares of SG Company aggregating to a total investment value of approximately USD 359 million (₹2,990.82 Crore). * Apollo HoldCo has agreed to subscribe to ordinary shares of SG Company aggregating to a total investment value of approximately USD 109 million (₹908.91 Crore). * Apollo HoldCo has agreed to subscribe to redeemable preference shares (“RPS”) of Tega MC SG Investments I Pte. Ltd aggregating to a total investment value of USD 270 million (₹2,252.79 Crore). * Tega HoldCo shall own 76.7% of the ordinary shares of the SG Company, and Apollo HoldCo shall own 23.3% of the ordinary shares of the SG Company. * The transaction documents were executed on November 28, 2025. * Tega HoldCo has acquired 77 shares of the SG Company, making SG Company a step-down subsidiary of Tega. * The acquisition is expected to close by March 31, 2026, subject to satisfaction of closing conditions.
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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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