India, Dec. 1 -- Tega Industries has entered into a definitive agreement with an affiliate of funds managed by American Industrial Partners (AIP) to acquire Molycop, a leading global supplier of grinding media for the mining industry, alongside funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO). The company has also announced the successful completion of its fundraise by way of a preferential issue of equity shares.On 10 September 2025, Tega Industries Limited, in consortium with funds managed by affiliates of Apollo , entered into a term sheet to acquire Molycop at an enterprise value of approx. USD 1.48 billion. The parties have executed a definitive agreement to acquire Molycop with an enterprise value of approx. U...