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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...
- Madhvani Group’s INSCO completes acquisition of Hindustan National Glass under IBCIndependent Sugar Corporation Limited completed its acquisition of Hindustan National Glass & Industries Limited. This happened under the I...
- 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,...
- Auditor flags Rs 63 crore as potentially fraudulent transactions in HNGBDO India detected fraudulent transactions worth Rs 63.34 crore under HNG's former management, involving entities like Rafbrix Internationa...
- Madhvani Group begins takeover of Hindustan National Glass after NCLT clears ₹2,250 crore planThe Madhvani Group, through INSCO, is set to acquire Hindustan National Glass & Industries Limited after NCLT approval of its ₹2,250 crore ...
- 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 ...
- Lenders approve Uganda-based INSCO's ₹2,257-crore plan for Hindusthan GlassCreditors, including State Bank of India, have approved Independent Sugar Corp's revised ₹2,257 crore resolution plan for Hindusthan Nation...
- INSCO submits Rs 2,752 crore revised resolution plan for HNGIL take overIndependent Sugar Corporation (INSCO) has presented a revised Rs 2,752 crore resolution plan to acquire Hindusthan National Glass & Industr...
- 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...
- AGI Greenpac flags flawed CCI nod to INSCO’s Rs 2,800 crore HNG takeoverAGI Greenpac has challenged the approval of Independent Sugar Corp's takeover of Hindusthan National Glass. AGI claims the approval by the ...
- Hindusthan National Glass lenders to recover more as INSCO to match AGI Greenpac bidThe Supreme Court's decision in the Hindusthan National Glass insolvency case has increased the payout for creditors. Independent Sugar Cor...
- Farallon may bankroll Madhvani arm's offer for Hindusthan GlassFarallon Capital Management is evaluating a ₹1,400 crore financing package to support INSCO's ₹1,851 crore bid for Hindusthan National Glas...
- 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...
- INSCO urges CoC to fast track bid for HNG after Supreme Court nullifies AGI Greenpac's resolution planINSCO has urged the Committee of Creditors to expedite their bid for Hindustan National Glass following the Supreme Court's nullification o...
- 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...
- CCI gives clean chit to INSCO in Hindustan National Glass caseCCI has now given a clean chit to INSCO on February 13 through an order dated February 6, 2024, dismissing the allegations leveled by AGI G...
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