This Industrial Products Company Announces USD 1.45 Billion Acquisition of Molycop and Rs 1,713 Crore Fundraise

Tega Industries Limited announced on November 29, 2025, that it has executed a definitive agreement to acquire Molycop at an enterprise value of approximately USD 1.45 billion. The agreement was signed along with funds managed by affiliates of Apollo Global Management, Inc., while the seller is an affiliate of funds managed by American Industrial Partners. The agreement follows an earlier term sheet dated September 10, 2025, which indicated an enterprise value of around USD 1.48 billion. Completion of the acquisition remains subject to customary conditions, including regulatory approvals.

This acquisition marks a major step in Tega’s strategic expansion, supporting its growth from an Indian-origin enterprise with an international footprint into a global innovation-focused multinational corporation. Once completed, the acquisition is expected to position Tega as a leading player in the industry at a time when mineral demand is projected to rise. The company will operate 26 manufacturing facilities worldwide and gain access to a significantly broader customer base. This will enable the combined entity to offer an expanded range of solutions across global markets.

Molycop, a global leader in grinding media, manufactures products essential for mineral processing in SAG and ball mills. Its operations primarily support the mining sector, supplying materials for the extraction of minerals such as Copper and Gold. With a legacy of more than 100 years and a client network spanning over 400 mines in 40 countries, Molycop brings deep industry expertise and scale.

Tega Industries also announced the successful completion of a Rs 1,713 crore fundraise through a preferential issue of equity shares. The shares, with a face value of Rs 10 each, were issued at Rs 1,994 per share, including a premium of Rs 1,984. The fundraise saw strong participation from domestic institutional investors and High Net Worth Individuals, strengthening Tega’s financial position as it moves ahead with this acquisition.

Tega Industries Ltd traded with positive momentum on November 28, 2025, closing at Rs 1,935.60 after opening slightly higher at Rs 1,920.60. The stock touched an Intraday high of Rs 1,952.50 and a low of Rs 1,916.50, indicating active movement within the session. It settled at Rs 1,943.00 by 16:00 IST, up 1.22 per cent from the previous close of Rs 1,919.60.

The stock price has given 82 per cent returns from its 52-week low.

Disclaimer: The article is for informational purposes only and not investment advice.