Bharat PET Aims for ₹760 Crore IPO; Law Firms Advise Deal

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Overview

Bharat PET Limited plans to raise ₹760 crore through an initial public offering. The plan includes a ₹120 crore fresh issue for growth and ₹640 crore from existing shareholders selling stakes. Top legal firms CMS INDUSLAW and Economic Laws Practice are advising on the IPO.

Bharat PET Limited, a company focused on rigid packaging solutions, is preparing to launch an initial public offering that aims to raise up to ₹760 crore. Its product line features PET bottles and jars, preforms, caps, closures, multi-layer bottles, and tin containers. The offering will consist of a ₹120 crore fresh issue for company expansion and a ₹640 crore offer for sale by current shareholders.

CMS INDUSLAW is acting as legal counsel for Bharat PET Limited on the IPO. The firm's advisory team consists of Partner Mathew Thomas, Senior Associates Shambhavi Kumar and Aman Bahl, and Associates Tanvi Ginodia, Aishwarya Agarwal, and Soumya Sinha.

Meanwhile, Economic Laws Practice (ELP) is providing legal advice to the book running lead managers, Equirus Capital Private Limited and Ambit Private Limited. ELP Partners Geeta Dhania and Prashaant Vikram Rajput, supported by Associates Shreeya Srungarapu, Devika Radha, Arpita Pattnaik, Shefali Jain, and Vidyansh Chandra, are overseeing this aspect of the deal. The involvement of these prominent legal teams underscores the significance of Bharat PET's planned IPO.

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