Tega Industries Limited — Credit Ratings, 20-05-2026: Credit Rating

ICRA has assigned [ICRA]A+ / [ICRA]A1 ratings to Tega Industries Limited's bank facilities, placing them on 'Watch with Developing Implications'. This action reflects the proposed acquisition of Molycop by TIL in collaboration with Apollo Funds. ICRA will resolve the watch after pending regulatory approvals and successful transaction completion, assessing the final debt terms and integration.