Tega Industries Completes Molycop Acquisition for USD 394M

Tega Industries Limited has successfully completed the acquisition of Molycop group, a global supplier of grinding media to the mining industry. The transaction, valued at approximately USD 1.5 billion enterprise value, involved Tega's wholly-owned subsidiary, Tega MC Investment Pte. Ltd., acquiring ~84.2% of Tega MC JV Holdings Pte. Ltd. (SG Company) for USD 394,295,423. Apollo Funds acquired the remaining ~15.8%. This strategic acquisition aims to position Tega Industries as a leading global player in critical consumables for the mining sector, offering a comprehensive product portfolio across the value chain. The acquisition is expected to enhance Tega's product offerings, R&D capabilities, and global supply chain.