Tega Industries allots 4.78 lakh shares at ₹1,994 each to AP Jupiter Holdings II in a ₹95 crore preferential issue
- Capital raise
- Mining Equipment
Tega Industries Limited has told the exchanges that its board, on 15 Oct 2026, approved the allotment of 4,78,435 equity shares of face value ₹10 each, on a preferential basis, to AP Jupiter Holdings II, Ltd., a non-promoter entity. The issue price is ₹1,994 per share, including a premium of ₹1,984, for a total of ₹95,39,99,390, or about ₹95.40 crore, in cash.
The allotment follows a board approval of 22 Aug 2026, shareholder approval by postal ballot on 21 Sep 2026 and in-principle approvals from NSE and BSE dated 6 Oct 2026. After the allotment, paid-up equity share capital rises from ₹75,12,76,980 (7,51,27,698 shares) to ₹75,60,61,330 (7,56,06,133 shares), and the new shares rank equally with existing shares.
The company will apply to the exchanges for listing and trading approval for the new shares.
Inference
The new shares add about 0.64% to the shares outstanding, so existing shareholders' share of the company is diluted by that much, while the company receives about ₹95.4 crore. The investor is not a promoter, so the promoters' percentage also falls by a small amount.
The filing does not say how the money will be used. Shareholders may want to look for the company's disclosure of the use of proceeds, and for the date the new shares are listed.
Reference: Original filing (PDF)
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.
