Tega Industries has announced a preferential allotment of 1 crore equity shares, aiming to raise about ₹2,000.6 crore. The shares will be issued at ₹1,994 per share, reflecting a 6% discount to the previous close. The move comes as part of the company’s broader fundraising strategy and expansion plans, following its recent acquisition announcement.
The preferential issue has been approved by the Board and will involve participation from promoters as well as high-profile investors. Mukul Agarwal, Tata Mutual Fund, Bandhan Mutual Fund, Tata AIA Life Insurance, and ICICI Prudential Mutual Fund are among the proposed allottees.
The company will seek shareholder approval at an extraordinary general meeting (EGM) scheduled for October 10, 2025.
This preferential issue follows Tega’s earlier in-principle approval on September 13 to raise up to ₹4,000 crore through a mix of equity, convertible securities, and debt. The latest move is expected to strengthen its financial position and provide capital flexibility for future growth.
Tega Industries recently announced a $1.48 billion acquisition of Molycop, a global manufacturer of consumables for the mining industry. Apollo Funds is set to join as a minority investor in the transaction. The preferential issue is seen as a step toward supporting such expansion initiatives.
On September 18, 2025, Tega Industries share price opened at ₹2,095.00, compared to the previous close of ₹2,108.90. During the session, the stock touched a high of ₹2,103.30 and a low of ₹2,021.00 before trading at ₹2,029.60, down by 3.76% as of 14:52 IST.
The stock recorded a traded volume of 16.46 lakh shares and a traded value of ₹337.61 crore on the NSE. The market capitalisation stood at ₹13,506.04 crore. Over the past 52 weeks, Tega Industries has hit a high of ₹2,328.90 and a low of ₹1,200.05. The stock is currently trading at a P/E ratio of 72.30.
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The ₹2,000.6 crore preferential issue marks an important step in Tega Industries’ growth strategy, providing funds to support its ambitious expansion and acquisition plans. Despite a dip in share price on the announcement day, the company remains a strong performer in the market, with investor confidence reflected in the participation of top institutional players.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Sep 18, 2025, 2:51 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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