AAI Begins Fresh Trials for Asian Games, World Cup Stages 3 and 4 The Archery Association of India (AAI) has announced new selection trials in Sonipat to determine the men’s and women’s squads for World Cup Stages 3 and 4, as well as the upcoming Asian Games. The trials follow India’s performance in the first two stages of the Archery World Cup, where the team secured two golds and one bronze. Indian archers returned home after competing in Mexico (Stage 1) and China (Stage 2), now facing the challenge of defending their positions against a competitive field. India’s success in the first two stages included a women’s compound team gold in Puebla, Mexico, and a women’s recurve team gold in Shanghai, China. Sahil Jadhav added a bronze in men’s compound, bringing the team’s total to three medals. India ranks fifth in the overall tally after two stages, behind China (11 medals, five golds), the USA (nine medals, three golds), Turkiye (11 medals, two golds), and Korea (five medals, two golds). The recurve women’s team made a strong showing in Shanghai, defeating Korea in the semifinals and then beating China in the final. Simranjeet Kaur, who did not participate in the team gold, impressed in the individual draw by reaching the semifinals before losing to world No. 1 Kang Chae-young of Korea, the eventual champion. While the team golds highlight India’s strength in compound and recurve events, the single individual bronze underscores concerns about depth in individual and mixed competitions. Across the first two stages, Indian archers rarely advanced beyond the quarterfinals in individual events, raising questions about consistency. The Sonipat trials will feature qualification rounds on the first two days, followed by a round-robin league and elimination rounds.#sonipat #archery_association_of_india #world_cup_stage_3 #world_cup_stage_4 #asian_games
Bharat PET IPO: Company Targets Rs 760 Crore Fundraise Through Fresh Issue And OFS Bharat PET Limited has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) aimed at raising up to Rs 760 crore. The offering combines a fresh issue of equity shares, an offer for sale (OFS) by existing promoter shareholders, and potential pre-IPO placements. The company plans to use the funds for debt repayment, capital expenditure, and general corporate purposes. The IPO structure includes a fresh issue of up to Rs 120 crore and an OFS of up to Rs 640 crore, primarily from the Gupta family, which holds significant stakes in the company. Additionally, Bharat PET may consider a pre-IPO placement of up to Rs 24 crore, as advised by its book running lead managers. Proceeds from the fresh issue will be allocated to repay Rs 50 crore in debt, invest Rs 35.8 crore in machinery and equipment, and cover other operational needs. Bharat PET Limited, established in 1998, is an integrated packaging solutions provider with a diverse product range, including PET bottles, jars, preforms, multi-layer co-extruded bottles, caps, closures, and tin containers. The company specializes in the agrochemical sector, where it holds an estimated 11% market share, according to a CARE report. Its manufacturing facilities are located in Delhi, Sonipat, Ankleshwar, and Jammu, supported by in-house design and tooling capabilities. The company claims to deliver moulds within 48 hours and maintains a portfolio of over 500 moulds. Financially, Bharat PET reported revenue of Rs 411.82 crore in fiscal year 2025, with pro forma EBITDA of Rs 87.93 crore and a net profit (PAT) of Rs 50.99 crore. The company maintained strong margins, with EBITDA at 21.35% and PAT at 16.#delhi #securities_and_exchange_board_of_india #bharat_pet #gupta_family #sonipat
