Tega Industries Share Price Dip 4% On $1.5 Billion Molycop Acquisition Plan With Apollo Funds

Tega Industries share price (NSE: TEGA) dropped over 4% on Thursday after the company said it will acquire Molycop in partnership with Apollo Funds. The stock hit a low of ₹1,997.4, its sharpest intraday fall since August 6. Later, it recovered some losses and was trading at ₹2,079, down 0.15%, while the Nifty 50 gained slightly.

Despite the fall, the stock has gained 33% this year, compared to a 5.6% rise in the Nifty 50. Tega’s market cap now stands at ₹13,846.7 crore.

$1.5 Billion Molycop Acquisition

Tega, along with Apollo Global Management’s funds, signed a term sheet to acquire Molycop from American Industrial Partners (AIP) for an enterprise value of $1.5 billion. The deal is likely to be completed by December 31, 2025.

The acquisition will make Tega one of the world’s leading makers of essential consumables used in mining, mineral processing, and material handling industries.

Financial Scale Of The Deal

Together, Tega and Molycop reported $1.73 billion (₹15,207 crore) in revenue and $217 million (₹1,906 crore) in EBITDA for FY25. After completion, Tega will become the controlling shareholder, while Apollo Funds will hold a significant minority stake.

The companies plan to focus on integration during the first 2 years and use their complementary product portfolios to offer full-scale mill optimisation solutions.

Also Read: Upcoming Dividend in September 2025: Apollo Micro. GRSE and More in the List!

Global Footprint

The combined entity will run 26 manufacturing sites worldwide, including Molycop’s 13 facilities and 3 joint ventures.

• Tega’s strength: Europe, West Asia, Africa, and Latin America
• Molycop’s presence: US, Canada, and Australia

This global reach is expected to help the group serve a larger customer base with innovative and efficient solutions.

Conclusion

Tega Industries’ shares slipped on short-term market concerns, but the $1.5 billion Molycop acquisition could transform it into a global mining consumables leader. With expanded manufacturing, wider geographic reach, and complementary product offerings, the deal positions Tega for long-term growth despite near-term stock volatility.

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