Blackstone is preparing PGP Glass for a public listing. Axis Capital, Bank of America, and HSBC are appointed as lead bankers. The company aims to raise between $400 million and $500 million. PGP Glass is a global specialist in glass packaging solutions. It serves customers in cosmetics, spirits, and pharmaceuticals. The company has operations in India and Sri Lanka.
RR Kabel shares jump 10% as Q1 PAT surges 129% YoY, Ebitda doubles
RR Kabel reported a strong June-quarter performance, with profit after tax surging 129% year-on-year and Ebitda nearly doubling, driven by robust growth in its Wires