Synopsis:
Tega Industries’ Board approved raising up to Rs. 4,000 crores through equity or convertible instruments, while Plutus Wealth Management acquired a 0.77 percent stake in the company for about Rs. 101.1 crores.
During Monday’s trading session, shares of a global leader in the design and manufacturing of ‘critical-to-operate’ consumables and equipment for mining, mineral processing and material handling industries surged around 3 percent on BSE, after a Rs. 101 crore bulk deal and the Board’s approval for Rs. 4,000 crores fund raise.
At 12:16 p.m., the shares of Tega Industries Limited were trading in the green at Rs. 2,051.6 on BSE, up by around 2 percent, as against its previous closing price of Rs. 2,016.85, with a market cap of Rs. 13,650.4 crores. The stock has delivered positive returns of over 11 percent in the last one year, and has gained by over 11 percent in the last one month.
What’s the News
According to the latest exchange filings, the Board of Tega Industries Limited has approved raising of funds not exceeding Rs. 4,000 crores in a meeting held on 13th September 2025 via equity, convertibles or debt. The funds will be raised in one or more tranches through public issues, preferential allotments, private placements, or Qualified Institutions Placements (QIP).
In a separate development on 12th September, Plutus Wealth Management LLP bought 5.15 lakh equity shares, equivalent to a 0.77 percent stake, in Tega Industries via a bulk deal on NSE. The total deal transaction was valued at nearly Rs. 101.1 crores, executed at an average price of Rs. 1,963.2 per share.
Previously, on 10th September, Tega Industries, in consortium with funds managed by affiliates of Apollo (the “Apollo Funds”), entered into a term sheet to acquire Molycop, a leading global supplier of grinding media for the mining industry, from an affiliate of American Industrial Partners (AIP). The transaction was valued at an enterprise value of around $1.5 billion.
This strategic acquisition will position Tega Industries as one of the world’s leading designers and manufacturers of ‘critical-to-operate’ consumables for certain production steps in the mining, mineral processing and material handling industries with an innovative and differentiated product portfolio.
Financials & more
Tega Industries reported a marginal growth in its revenue from operations, showing a year-on-year increase of around 5 percent from Rs. 340 crores in Q1 FY25 to Rs. 356 crores in Q1 FY26. In contrast, its net profit decreased during the same period from Rs. 37 crores to Rs. 35 crores, representing a slight decline of around 5.4 percent YoY.
Tega Industries Limited is engaged in the business of manufacturing and distribution of specialised ‘critical to operate’ and recurring consumable products for the global mineral beneficiation, mining and bulk solids handling industry.
The company has a presence in over 92 countries and is trusted by 700+ customers globally. It delivers high-performance, abrasion-and-wear-resistant solutions made from rubber, polyurethane, steel and ceramics essential for grinding, screening and material handling operations.
Written by Shivani Singh
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