Alice Blue Home
URL copied to clipboard

Trending News

Tega Industries: Stock in focus after company to acquire Molycop for $1.5 Billion

Tega Industries, in partnership with Apollo-managed funds, plans to acquire Molycop for USD 1.5 billion, adding 13 facilities and three joint ventures, expanding global manufacturing and product offerings.

Introduction

Leading industrial company, in consortium with global investment funds, plans to acquire a major mining consumables supplier for USD 1.5 billion, expanding its global footprint, manufacturing capacity, and product offerings across multiple regions.

Alice Blue Image

Also Read: Kalpataru Projects: Stock jumps after bagging new orders worth ₹2,720 Cr

Share price movement of Tega Industries

On September 11, 2025, Tega Industries Ltd opened at ₹2,083.00, down 1.41% from its previous close of ₹2,079.65. The stock reached a high of ₹2,110.00 (1.44% increase) and a low of ₹1,997.15. By 11:36 AM, it traded at ₹2,050.25, a -1.41% decrease, with a market cap of ₹13,641.44 crore.

Tega Industries to Acquire Molycop for $1.5B

Tega Industries, in consortium with Apollo-managed funds, entered a term sheet to acquire Molycop a leading global supplier in grinding media for the mining industry, from American Industrial Partners at an enterprise value of approximately USD 1.5 billion.

Tega Industries will be the controlling shareholder of Molycop, with Apollo Funds owning a significant minority equity interest. The combined revenue of Tega Industries and Molycop is USD 1.73 billion (INR 15,207 crore) in revenue and USD 217 million (INR 1,906 crore).

The acquisition adds Molycop’s 13 manufacturing facilities and three joint ventures to Tega Industries’ existing operations. The combined entity will have a presence in 26 global manufacturing sites across multiple regions.

Stock performance of Tega Industries for Period of 1 week, 6 months, and 1 year

Tega Industries Ltd delivered a 5.58% return over the past week, it gained 63.0% in the past six months. The stock increased 14.6% over the past year.

Alice Blue Image

Also Read: ACME Solar: Stock jumps 5% after securing ₹3,892 Cr project funding from SBI

Shareholding pattern of Tega Industries

ParticularsJun 2025Mar 2025Dec 2024
Promoter74.80%74.80%74.80%
FII1.80%1.70%1.70%
DII18.40%18.80%19.00%
Public5.10%4.70%5%

About Tega Industries

Tega Industries Ltd (NSE: TEGA) designs and manufactures critical-to-operate consumables for mining and material handling industries. Established in 1976, it serves over 92 countries, providing innovative solutions to global mining companies.

Stay Ahead with the Latest Stock Market Updates – Click Here

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

FAQs

Q: Why is Tega Industries Ltd share is in focus today?

A: Tega Industries Ltd share is in focus for entering a term sheet to acquire Molycop for approximately USD 1.5 billion with Apollo-managed funds.

Q: What does Tega Industries Ltd specialize in?

A: Tega Industries Ltd designs and manufactures critical-to-operate consumables for mining, mineral processing, and material handling industries globally.

Q: What is the 52-week high and low of Tega Industries Ltd stock?

A: Tega Industries Ltd has a 52-week high of ₹2,327.45 and a low of ₹1,205.75.

Submit the form, and get to know how you scored!!!

Gainers & Losers

Read More News

*T&C apply