Tega Industries Allots 4.78 Lakh Shares Worth ₹95.4 Cr via Preferential Issue

Tega Industries Limited has announced the allotment of 4,78,435 equity shares, each with a face value of Rs. 10, through a preferential issue on a private placement basis. The shares were issued at a price of Rs. 1994/- per share, including a premium of Rs. 1984/-, to AP Jupiter Holdings II, Ltd., a non-promoter entity. The total amount raised aggregates to Rs. 95,39,99,390/- (approximately Rs. 95.40 Crores). This allotment increases the company's paid-up equity share capital from Rs. 75,12,76,980/- to Rs. 75,60,61,330/-. The company will seek listing and trading approval for these new shares from the stock exchanges.