Tega Industries Limited has announced that its board of directors has approved the issuance of 1.00 crore equity shares on a preferential basis, aggregating to Rs 2,000.6 crore .
The shares will be issued to a group of institutional and strategic investors, including Tata Mutual Fund, Bandhan Mutual Fund, ICICI Prudential, Tata AIA Life Insurance, and members of the promoter group. According to the exchange filing, the issue price has been fixed in line with SEBI’s regulations, ensuring compliance under the preferential allotment framework.
The company noted that the capital raised will help strengthen its balance sheet and support future growth initiatives. Following the allotment, the shareholding structure of Tega Industries will see fresh equity infusion, though promoter group shareholding will remain significant.
Tega Industries, a global manufacturer of consumables for the mineral beneficiation, mining and bulk solids handling industry, continues to expand its footprint across international markets. The preferential allotment signals the confidence of large institutional investors in the company’s long-term growth potential.
Shares of Tega Industries are expected to remain in focus as the market reacts to the fundraise and its potential impact on the company’s financials and expansion plans.
Disclaimer
The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
