Mukul Agarwal invests RS 100 crore in this Multibagger share that has risen more than 200% in 5 years

ACE investor Mukul Mahavir Agarwal has collected more than 5 Lakh shares for RS 100 crore in Midcap Multibagger Stock Tega Industries after the last fundraising of the company.

The market veteran, who is also the founder of Param Capital Group, is known for its aggressive investment strategies and has more than 20 years of experience in the capital markets.

Fundraising on the stock market is a process in which a company drives up capital by selling its ownership interests (shares) to investors, often to finance its growth, activities or expansion.

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TEGA Industries has a strong support from selection -initutional investors in addition to Mukul. Tata Mutual Fund led De Ronde with an RS 500 CRORE investment for 25.07,522 shares, which stood up as the largest institutional participant. Bandhan Investment Fund followed with RS 210 Crore for 10.53,159 shares, while Tata Aia Life Insurance Company brought in RS 200 Crore for 10.03.009 shares. Icici Prudential Investment Fund contributed RS 150 Crore for 7.52.256 shares, and Tata AIG General Insurance CO LTD called off the list with RS 100 Crore for 5.01,504 shares.

Last week Tega and Apollo Global Management signed a binding bid to buy US-based Molycop from its current owners, American Industrial Partners (AIP), for a company rating of around $ 1.48 billion. Under the proposed structure, TEGA will have approximately 77% of the special-PURPOSE vehicle that is used for the deal and Apollo funds over 23%. The purchase price reflects a multiple of 8.6x FY25 EBITDA (EBITDA of $ 172 m), less than a third of the own superior of Tega -which acts on an elevated 25x EBITDA (TTM), and 3.0x -5.0x lower than many of the other Consumers in 205.5.500.

At about 1 p.m. shares of the company traded on RS 2.044, lower with 3.1% compared to the last closure of the NSE. The Tega Industries shares fell no less than 4% to hit a day of RS 2,021 per share. The share has risen more than 200% in the last 5 years.

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