Mumbai, May 20 -- Tega Industries announced that ICRA has assigned the credit rating of ICRA A+ / ICRA A1 to bank facilities of the company and placed the same on Watch with Developing Implications, in view of the proposed acquisition of AIP MC Holdings LLC (Molycop) by TIL in collaboration with Apollo Funds. ICRA will resolve the watch post receipt of pending regulatory approvals and successful completion of the transaction, including finalisation of debt terms.

Published by HT Digital Content Services with permission from Capital Market....