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An update from Tega Industries Ltd. ( (IN:TEGA) ) is now available.
Tega Industries Ltd. has announced the approval of its Board of Directors for the acquisition of equity interests in the Molycop group, in partnership with Apollo Funds. This strategic acquisition is set to expand Tega Industries’ footprint in the mining sector, potentially enhancing its market position and offering new growth opportunities. The acquisition involves a series of agreements, including equity purchase and debt commitment, with Tega Industries indirectly holding a 76.7% share in the acquiring subsidiaries. This move is expected to strengthen Tega Industries’ capabilities and influence in the global mining industry.
More about Tega Industries Ltd.
Tega Industries Ltd. operates in the industrial sector, focusing on the manufacturing of specialized equipment and solutions for the mining and mineral processing industries. The company is known for its innovative products and services that cater to the global mining industry, enhancing operational efficiency and productivity.
Average Trading Volume: 14,981
Technical Sentiment Signal: Buy
Current Market Cap: 128.4B INR
See more data about TEGA stock on TipRanks’ Stock Analysis page.