').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();
CCI Allows AGI Greenpac To Acquire Hindusthan National Glass & Industries
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
Topics
Competition Commission of India | Hindusthan National Glass | acquisition
Competition Commission of India has accorded its approval to packaging company AGI Greenpac for acquisition of Hindusthan National Glass & Industries (HNG) Limited, the company informed in a statement to the Securities and Exchange Board of India (SEBI) on Friday.
AGI Greenpac has received approval from the Hon'ble Competition Commission of India (CCI) for the proposed acquisition of Hindustan National Glass & Industries Limited through the Corporate Insolvency Resolution Process.
CCI has approved the proposed combination under sub-section (1) of Section 31 of the Competition Act, 2002 vide its letter dated 15th March, 2023.
Earlier on October 31, 2022, the company had informed about the approval of the Resolution Plan by the Committee of Creditors in respect of the Corporate Insolvency Resolution Process of the Corporate Debtor and the Company being declared as the successful resolution applicant.
The detailed order of CCI is awaited, according to the statement.
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
First Published: Fri, March 17 2023. 18:56 IST
Central Banks And The Economic Horizon: Steering Through Uncertaintie
In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more
Transforming Financial Operations With Robotic Process Automation
Author: Ricardo Goulart ... Read more
The Role Of Machine Learning In Fraud Detection
Author: Gerardine Lucero  ... Read more
Principles Of Islamic Banking And Finance
When it comes to banking, a significant new contender has entered the ring. The principles of Islamic banking and financ... Read more
The Role Of Central Banks In Global Economy
The role of central banks in global economy is a stimulating topic that requires profound understanding. Commonly, centr... Read more
History Of Banking Evolution In The 21st Century
Throughout time, the banking sector has assumed a central role in the smooth functioning of economies, generating growth... Read more