Archive · 18 Sep 2025
Tega Industries to Issue Shares to Raise ₹2,000 Crore
Tega Industries plans to sell new shares to investors to get about ₹2,000 crore.
This is done by selling shares at a slightly discounted price.
Investors like Mukul Agarwal and funds like Tata Mutual Fund are going to buy these shares.
This decision follows the company's earlier plans to raise more money.
Shareholders will vote on this at a meeting in October 2025.
Despite the fundraising, the company's stock price dropped a bit on Thursday, though it has still increased by a lot in the last six months.
Tega Industries approved issuing 1 crore equity shares.
The share price is ₹1,994, at a 6% discount.
The total value of the share issue is approximately ₹2,000.6 crore.
Proposed investors include Mukul Agarwal and Tata Mutual Fund.
Shareholders will vote on the issue on October 10, 2025.
- Who
- Tega Industries
- What
- Approved a preferential share allotment to raise ₹2,000.6 crore
- When
- Thursday, September 18 (announcement); October 10, 2025 (EGM)
- Where
- N/A
- Why
- To raise funds; The company had also announced plans to acquire Molycop for $1.48 billion
- Company
- Tega Industries Ltd.
- Share Issue Size
- ₹2,000.6 crore
- Share Price
- ₹1,994 per share
- Discount
- 6% to previous close
- Proposed Allottees
- Mukul Agarwal, Tata Mutual Fund, Bandhan Mutual Fund, Tata AIA Life Insurance, and ICICI Prudential Mutual Fund
- EGM Date
- October 10, 2025
- Stock Performance
- Fell nearly 4% on Thursday
- Six-Month Rally
- Over 50%