Tega Industries shares drop over 2% amid ₹13,000 crore deal
Shares dropped 2.3% despite announcing a ₹13,000 crore acquisition of Molycop in partnership with Apollo Funds. The deal, through a special vehicle, gives a 77% stake to the company. Molycop, a global grinding media leader with $172 million EBITDA, strengthens global reach and mining consumables leadership.