Tega Industries Limited has successfully executed a ₹1,500 crore rupee facility agreement to finance its proposed acquisition of Molycop. The financing, supported by a consortium of lenders including Standard Chartered Bank, Axis Bank, and Export-Import Bank of India, marks a significant step in the company’s strategic growth plan. The loan agreement was officially executed on May 22, 2026, as the company moves forward with its expansion objectives.
Strategic Financing Arrangement
Tega Industries has finalized a significant debt financing arrangement, securing up to ₹1,500 crore in a rupee term loan facility. This capital infusion is earmarked specifically to facilitate the company’s previously announced acquisition of Molycop, a key strategic move for the organization. The loan agreement, signed on May 22, 2026, involves a consortium of prominent financial institutions.
Consortium of Lenders
The facility is backed by a group of leading financial partners. Standard Chartered Bank served as the Sole Mandated Lead Arranger, Underwriter, and Bookrunner for the transaction. They are joined by Axis Bank Limited and the Export-Import Bank of India. Catalyst Trusteeship Limited has been appointed as the Facility Agent to manage the terms of the agreement.
Security and Terms
To secure this financing, Tega Industries has provided comprehensive security arrangements, which include mortgages, hypothecation, pledges, and share charges over identified assets of the company and its subsidiaries. These include movable and immovable properties, current assets, and investments. The loan contains standard financial covenants, representations, and warranties, ensuring the company remains aligned with the lenders’ requirements throughout the tenure of the facility.
Source: BSE
