This marks the Madhvani family's first fundraising effort for HNG Resolution following its acquisition through the Insolvency and Bankruptcy Code process.
Official data for FY25 showed that 1,396 avoidance cases, collectively valued at Rs 3.8 lakh crore have been filed across various National Company Law Tribunal (NCLT) benches.
INSCO had proposed to acquire 100 per cent of HNG's fresh equity, with a 5 per cent minority stake. The filing was made through the green channel route and was deemed approved on submission.
Unicon Investment has recommended hold rating on Hindusthan National Glass and Industries (HNG) with a target price of Rs 175, in its January 31, 2012 research report.
Microsec is bullish on Hindusthan National Glass Limited (HNG) and has recommended buy rating on the stock with a target of Rs 203.50 in its December 9, 2011 research report.
India's largest glass containers manufacturer Hindustan National Glass & Industries (HNG) plans to invest around 7 million euros in its newly-acquired German subsidiary HNG Global GmbH to make it one of the most advanced production centres for glass containers in Europe.