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Tega Industries Ltd. ( (IN:TEGA) ) has issued an announcement.
Tega Industries Ltd. has announced the approval of definitive agreements for the acquisition of the Molycop group in collaboration with Apollo Management Singapore Pte. Ltd. This strategic move involves significant investments in Tega MC JV Holdings Pte Ltd and Tega MC SG Investments I Pte. Ltd., with Tega acquiring a majority stake in the SG Company. The acquisition is expected to enhance Tega’s market position and expand its operational capabilities, potentially impacting stakeholders by strengthening its presence in the mining sector.
More about Tega Industries Ltd.
Tega Industries Ltd. operates in the manufacturing sector, focusing on providing solutions for the mining and mineral processing industries. The company specializes in the production of wear-resistant products and services that cater to the needs of mining operations globally.
Average Trading Volume: 14,981
Technical Sentiment Signal: Buy
Current Market Cap: 128.4B INR
For detailed information about TEGA stock, go to TipRanks’ Stock Analysis page.