Fox & Mandal advises Magpet Polymers on ₹205 crore funding from British International Investment

Magpet Polymers Private Limited has received a strategic investment aggregating up to ₹205 crore from British International Investment, the UK government's Development Finance Institution.

Fox & Mandal advised and represented Magpet Polymers on this transaction. The Firm assisted Magpet in relation to drafting, reviewing and negotiating the transaction documentation, closing documentation and provided closing assistance.

The transaction team consisted of Debanjan Mandal (Managing Partner), Arindam Sarkar (Partner), Shruti Swaika (Partner), Anwesha Sinha (Senior Associate), Yukti Agarwal (Associate) and Rangita Chowdhury (Associate).

This strategic investment will enable Magpet to become India’s first PET circular enterprise and a pioneer in sustainable plastic waste management, expand its operations and fast-track the development of the country’s first and largest integrated single line bottle-to-bottle food-grade recycling plant at Vidyasagar Industrial Park, Kharagpur, West Bengal.

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