Blackstone India IPO ke liye PGP Glass ko $500M target kar raha hai, market surge ke beech

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AuthorKavya Nair|Published at:
Blackstone India IPO ke liye PGP Glass ko $500M target kar raha hai, market surge ke beech
Overview

Blackstone Inc. apne Indian glass packaging maker PGP Glass Pvt. ke liye Mumbai mein ek IPO lane par विचार kar raha hai. Is potential deal se $500 million tak raise ho sakte hain, aur shuruati discussions mein company ki valuation $4 billion tak ja sakti hai. Yeh move aise time pe aaya hai jab India ka IPO market kafi strong dikh raha hai.

Blackstone Inc. Mumbai mein PGP Glass ki potential listing ke liye investment banks ke saath preliminary talks kar raha hai. Sources ke mutabik, private equity giant ek aise offering ko explore kar raha hai jisse $500 million tak mil sakte hain. Yeh discussions abhi shuruaati stages mein hain, aur final valuation aur share sale ki exact size jaise details badal sakti hain. PGP Glass, pehle Piramal Glass, cosmetics, perfumery, food, spirits, aur pharmaceuticals jaise sectors ke liye glass packaging design aur manufacture karta hai. Company ki global presence hai, France, Brazil, India, aur UK jaise markets mein, jahan yeh rozana lagbhag 1,720 metric tons produce karta hai. Blackstone ne 2021 mein Piramal Group se yeh company lagbhag 69.88 billion rupees ($765 million) mein kharidi thi.

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