In a letter addressed to Union Labour Minister Dr. Mansukh Mandiya, the Workers Union of Hindusthan National Glass & Industries Limited (HNGIL) made serious allegations against the resolution professional.

HNGIL Workers Union Writes To Labour Ministry Demanding Prosecution Of Resolution Professional

AGI Greenpac has received approval from Competition Commission of India for the proposed acquisition of Hindusthan National Glass & Industries Limited through Corporate Insolvency Resolution Process

CCI allows AGI Greenpac to acquire Hindusthan National Glass & Industries

Hindusthan National Glass’ insolvency resolution started in Jan 2022 but ran into controversy after the Committee of Creditors selected a large bidder that lacked CCI approval

CCI examining monopoly related complaints in HNG acquisition

The company was dragged into the insolvency process by DBS Bank, its third largest creditor

AGI Greenpac’s resolution plan for Hindusthan National Glass approved by panel of creditors

Nearly 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 for South Africa-based Madhvani Group’s plan, which was also in the fray offering cash and equity to lenders, one of the persons said.

Hindusthan National Glass lenders vote in favour AGI Greenpac resolution plan

The voting on the resolution plans concluded on Thursday evening

Hindusthan National Glass lenders vote in favour of AGI Greenpac’s plan

Africa-based bottle maker Madhvani Group and AGI Greenpac, known as makers of Hindware products, also submitted separate resolution plans for the Kolkata-based bottle maker undergoing insolvency proceedings.

Nirma makes ₹1,650-crore offer for Hindusthan National Glass

The bank sold a $40-million (equivalent to about ₹310 crore) debt exposure in the tollways project, promoted by the IL&FS Group, to Deutsche Bank, the people cited above said. The principal debt outstanding for the Kolkata-based Hindusthan National Glass (HNG) account was ₹59 crore.

StanChart sells stressed loans in HNG, Chenani Nashri Tollways

Stocks in news: Vodafone Idea, Thermax, Tata Motors, Hero MotoCorp, Vedanta, Hindusthan National Glass, Suyog Telematics and more

Stocks in news: Vodafone Idea, Thermax, Tata Motors, Vedanta and more

Danish beer maker Carlsberg, private equity funds Oaktree Capital and Cerberus, Nirma Chemicals and SNJ Distilleries are among a dozen entities that have shown interest in acquiring the bankrupt Hindusthan National Glass Industries (HNG) that makes alcoholic beverages bottles, said two people with k…

Carlsberg, Nirma, PEs in race for bottlemaker HNG

Pearl Global Industries Ltd, Omax Autos Ltd, Shanti Educational Initiatives Ltd and Hindusthan National Glass & Industries Ltd are among the other losers in the BSE’s ‘B’ group today, 05 April 2022.

GTL Ltd leads losers in ‘B’ group

Hasn't fared well - amongst the low performers

Performance

Undervalued compared to the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Hindusthan National Glass & Industries Limited provides container glass solutions in various categories like pharma, liquor, beverages and cosmetics.