Tega Industries Secures ₹1500 Crore Facility for Molycop Acquisition
Tega Industries Limited has secured a ₹1500 crore facility agreement with Standard Chartered Bank, Axis Bank, and Export-Import Bank of India, executed on May 22, 2026. This facility is to fund the proposed acquisition of Molycop, building upon previous disclosures regarding the deal.
Securing a ₹1500 crore facility is a material event for the company, directly enabling a significant acquisition (Molycop), which is expected to have a substantial impact on its business operations and future growth.
The company has successfully secured a significant debt facility, which is a crucial step towards executing a strategic acquisition, indicating positive financial maneuvering and growth prospects.
Tega Industries Limited has executed a rupee facility agreement for an amount up to ₹1500 crore (Rupees One Thousand Five Hundred Crores Only) with Standard Chartered Bank, Axis Bank Limited, and Export-Import Bank of India. The facility, executed on May 22, 2026, is intended to finance the proposed acquisition of Molycop. Catalyst Trusteeship Limited will act as the Facility Agent. The agreement includes customary security documents, representations, warranties, covenants, undertakings, events of default, and mandatory prepayment provisions.
The facility is secured by customary security interests, including mortgage, hypothecation, pledge, share charge, and non-disposal undertaking over certain identified assets of the company and its subsidiaries. These assets include immovable properties, movable and current assets, designated reserve account assets, investments, and shares/securities held in identified subsidiaries.
This disclosure is made in furtherance to the company's previous disclosures on November 29, 2025, February 12, 2026, and May 18, 2026, concerning the Molycop acquisition. The details of the facility agreement are available on the company's website, www.tegaindustries.com.
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Tega Industries Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. 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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