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NCLT orders ex-promoters of HNG to repay defrauded Rs 42 cr amount to debtorsThe NCLT has ordered Hindusthan National Glass & Industries' former promoters to return ₹42.46 crore, which they allegedly misappropriated,...- INSCO to submit improved resolution plan for Hindusthan National GlassIndependent Sugar Corp (INSCO), the approved bidder, will present an enhanced resolution plan of ₹356 crore for Hindusthan National Glass t...
- Lenders issue LoI to INSCO after SC order in Hindusthan National Glass caseState Bank of India has approved INSCO's takeover of Hindusthan National Glass after AGI Greenpac failed to get CCI approval. INSCO has unt...
- SBI fails to draw buyers for Hindusthan National Glass' Rs 1,703-cr bad debtThe bank had set a Rs 821 crore reserve price on the HNGIL debt, implying a 48% recovery on the total outstanding amount. Nearly half a doz...
- Kotak-backed Phoenix ARC, Edelweiss keen to acquire SBI loan to HNGKotak Mahindra Bank-backed Phoenix ARC and Edelweiss Asset Reconstruction Company are interested in acquiring State Bank of India's loan to...
- SBI taps ARCs for sale of Hindusthan National Glass loanLenders had voted for a plan given by AGI Greenpac in October 2022, but due to a series of litigations, the plan is yet to be approved by t...
- After strong Q2 show, AGI Greenpac to acquire HNG; stock rallies 6%The company, in a separate exchange filing, announced its resolution to acquire Hindusthan National Glass & Industries. The Insolvency and ...
- Hindusthan National Glass lenders vote in favour AGI Greenpac resolution planNearly 98% of lenders by value voted in favour of the plan presented by AGI Greenpac, earlier known as HSIL Ltd, while 88% of lenders voted...
- Suits & Sayings: Difficult time for start-up's poster boy; pharma scion avoids limelight after liquor trade controversy; Delhi's entrepreneur couple plans exotic Bali getawaySome fund managers are set to take a break for the F1 race next weekend in Singapore.
- AGI Greenpac tops with Rs 2000 cr offer for Hindusthan GlassMadhvani Group had emerged as the highest bidder in the first and the second round offering ₹1,800 crore and ₹1,850 crore, respectively, th...
- Inter-se bids to help pick winner for glass company HNGNirma Chemicals, makers of detergent soap and cosmetics, South Africa-based Madhvani Group and AGI Greenpac, which owns Hindware sanitary, ...
- Nirma makes ₹1,650-crore offer for Hindusthan National GlassAfrica-based bottle maker Madhvani Group and AGI Greenpac, known as makers of Hindware products, also submitted separate resolution plans f...
- HNG promoter offers Rs 1,380 cr in cash, 10% equity to lendersThe company has deposited close to ₹110 crore with lenders to show its commitment to pay loans, the people said. Kolkata-based HNG was admi...
- Carlsberg, Nirma, PEs in race for bottlemaker HNGDanish beer maker Carlsberg, private equity funds Oaktree Capital and Cerberus, Nirma Chemicals and SNJ Distilleries are among a dozen enti...
- Industry 4.0 is using IoT and AI to expand its digital presenceOld economy Inc is trying to capture a share of the digital pie and the timing seems just right.
- L&T Infotech announces channel relationship with IntelL&T Infotech, today announced 'Cloud Connect,' a channel relationship programme with Intel to provide IntelExpressway Cloud Access 360 solu...
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