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Tega Industries Ltd. ( (IN:TEGA) ) just unveiled an update.
Tega Industries Limited has announced a definitive agreement to acquire Molycop, a global supplier of grinding media for the mining industry, in partnership with funds managed by Apollo Global Management. The acquisition, valued at approximately USD 1.45 billion, positions Tega as a leading player in the sector, expanding its manufacturing platform to 26 facilities worldwide and enhancing its customer base. The company successfully raised approximately INR 1,713 crores through a preferential issue of equity shares, marking a significant milestone in its growth into a major global player.
More about Tega Industries Ltd.
Tega Industries Limited, established in 1976 and headquartered in Kolkata, designs and manufactures critical consumables for the mining, mineral processing, and material handling industries. The company offers an innovative and differentiated product portfolio and operates in over 92 countries, partnering with leading mining and minerals companies to provide tailored solutions.
Average Trading Volume: 14,981
Technical Sentiment Signal: Buy
Current Market Cap: 128.4B INR
Find detailed analytics on TEGA stock on TipRanks’ Stock Analysis page.