Archive · 13 Sep 2025
Tega Industries Board Approves Funding for Molycop Acquisition
Tega Industries wants to buy Molycop, a company that makes things for mining.
To do this, Tega's board approved getting a lot of money.
They plan to get about ₹4,000 crore through a mix of money from investors and debt.
Tega will own most of Molycop, while Apollo Funds will own a smaller part.
The deal should be done by the end of 2025.
Tega hopes to improve Molycop's profits and grow its business, including relocating the headquarters.
This will help them become a bigger player in the mining industry.
Tega Industries' board approved raising ₹4,000 crore to acquire Molycop.
The acquisition is valued at $1.48 billion.
Tega will own approximately 77% of Molycop, with Apollo Funds holding around 23%.
The deal is expected to close by December 31, 2025.
Tega aims to increase Molycop's EBITDA margins and expand its business.
- Who
- Tega Industries, a Kolkata-based company, and private equity Apollo Funds
- What
- Tega Industries' board approved raising funds to acquire Molycop.
- When
- The board approved the funding on Saturday, September 13, 2025. The deal is expected to close by December 31, 2025.
- Where
- Molycop is a US-based company.
- Why
- To acquire Molycop, a grinding media supplier for the mining industry, and expand Tega's business.
- Company
- Tega Industries
- Target Acquisition
- Molycop
- Deal Value
- $1.48 billion (enterprise value)
- Funding Approved
- ₹4,000 crore
- Closing Date (Expected)
- December 31, 2025
- Tega Ownership
- 77%
- Apollo Funds Ownership
- 23%