India’s Tega Buys AIP-Affiliate Molycop for $1.5 Billion EV

(Bloomberg) --   Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. Tega Industries Ltd. has agreed to buy control of Omaha-based mining equipment maker Molycop at an enterprise valuation of $1.5 billion, making it the biggest US deal by an Indian company in three years. The Kolkata-based manufacturer of mining and mineral processing gears will acquire the American Industrial Partners-affiliate in consortium with fu ...