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MADHVANI GROUP
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...
- Cerberus Capital, IFC to fund Madhvani group's Hindusthan National Glass buyoutHindusthan National Glass and Industries Limited (HNG) was admitted for insolvency proceedings in October 2021 at the behest of DBS Bank, a...
- 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 ...
- Madhvani Group plans Rs 10,000 cr investment over next 5 yearsMadhvani Group, a Ugandan conglomerate, plans to invest Rs 10,000 crore in India over the next five years, encouraged by the government's p...
- 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...
- 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...
- 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...
- 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...
- Immigration hotspot: Uganda becoming popular with Indian professionals and companiesUnlike most Western countries, Indians can go to Uganda on a tourist visa and then look for a job as new opportunities are emerging.
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