TEGA

to acquire 100% stake in Molycop for an enterprise value of $1.5 billion (₹13,000 crore) through a consortium with Apollo Funds. Tega will hold 77%, while Apollo Funds will hold 23%. Tega will contribute $361 million and raise ₹2,184 crore for the deal. Molycop supplies grinding media to the mining industry, complementing Tega's products, including mill liners and wear parts.