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HNG ACQUISITION
CCI rejects AGI Greenpac plea on INSCO green channel nod for HNG dealThe Competition Commission of India has once again rejected AGI Greenpac's challenge. The regulator upheld the green channel approval for I...- INSCO pays creditors ₹1,851 crore to complete Hindusthan National Glass buyINSCO, part of Uganda's Madhvani Group, has finalized its acquisition of HNG, India's largest glass bottle maker. This concludes a lengthy ...
- HNGIL revival kicks off with Kolkata as Madhvani Group's INSCO takes chargeUganda's Madhvani Group, through INSCO, has successfully acquired Hindustan National Glass & Industries Ltd (HNGIL) for Rs 2,250 crore. New...
- INSCO completes acquisition of HNGIL under IBC processIndependent Sugar Corporation completed its acquisition of Hindustan National Glass & Industries. This concludes a seven-year insolvency ca...
- NCLT approves INSCO's Rs 2,250 crore resolution plan for Hindustan National GlassThe National Company Law Tribunal approved Independent Sugar Corporation Ltd's Rs 2,250 crore resolution plan for Hindustan National Glass ...
- 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...
- Crypto gets crazy again with dog-inspired tokens and Bitcoin eyeing $45,000“Alt-season is back,” said Teong Hng, chief executive at crypto investment firm Satori Research. “The current situation exudes similar vibe...
- HNG shares hit upper circuit as employees reach out to CoC for speedy resolution"We are concerned about the potential directives from CCI to the currently approved bidder asking to divest a few plants for meeting market...
- 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...
- HSIL changes set to lift core glass business, pave way for a buyAnalysts view this as a move to strengthen the company’s balance sheet, paving way for a potential acquisition of Hindusthan National Glass
- Bridging Bengal: PE investors who will drive new Bengal IncA clutch of entrepreneurs in Bengal has attracted blue-chip private equity & built successful biz. They could be the main drivers.
- Hindusthan National Glass to acquire Germany's Agenda Glas for Rs 320 croreHindusthan National Glass Industries said it will acquire Germany-based Agenda Glas, AG, entailing an investment of nearly Rs 320 crore ove...
- Looking to expand in Eastern Europe, SE Asia, Middle East-N Africa: M Somany, Hindusthan National GlassET Now talks to Mukul Somany, Vice Chairman & MD, Hindusthan National Glass & Industries on the company's ambitious expansion plans and pos...
- HNG scouting for acquisitions in Africa, Middle-EastHindusthan National Glass and Industries is scouting for overseas acquisitions, especially in Africa and the Middle-East, and hopes to make...
- Container glass is eco-friendly: Mukul SomanyHindusthan National Glass & Industries's joint managing director Mukul Somany says the company is looking for more assets to buy.
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