Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
INSCO Submits Revised Plan for HNGIL Takeover
Mint New Delhi
|June 13, 2025
Independent Sugar Corporation (INSCO) has submitted a comprehensive revised resolution plan worth ₹2,752 crore for the takeover of debt-ridden glass bottle manufacturer Hindusthan National Glass & Industries Ltd (HNGIL), in line with the Supreme Court verdict.
The Committee of Creditors (CoC) is likely to consider the revised proposal, and voting is likely to commence on Thursday, sources said.
This story is from the June 13, 2025 edition of Mint New Delhi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint New Delhi
Mint New Delhi
1st privately built PSLV near lift-off
India's first privately built polar satellite launch vehicle (PSLV) is expected to have its maiden commercial flight before the end of the financial year, marking a giant leap in the country’s ambition to foster a private space economy.
3 mins
November 26, 2025
Mint New Delhi
Sovereign Al takes off as countries try to avoid overdependence on superpowers
As China and the U.S. race to dominate artificial intelligence, countries are increasingly wary of becoming overly dependent on the superpowers for a technology that could profoundly affect their economic competitiveness and national security.
4 mins
November 26, 2025
Mint New Delhi
Sterling Biotech: Can SC ruling aid other fugitives?
The Supreme Court's decision to close all cases against the Sandesara brothers of Sterling Biotech Ltd, after they agreed to pay *5,100 crore, triggered a debate on whether other fugitives could use this ruling. Mint looks at whether Vijay Mallya and Nirav Modi can seek relief, too.
2 mins
November 26, 2025
Mint New Delhi
Rural recovery, low base to fuel Q2 GDP
Policy transmission, festival season inventory too aid growth
2 mins
November 26, 2025
Mint New Delhi
No selloff, SAIL unit to get cash infusion
The Union steel ministry is preparing to infuse more than ₹400 crore into Salem Steel Plant, the stainless-steel unit of the Steel Authority of India Ltd (SAIL), marking a sharp policy turn from its earlier intent to privatize the loss-making mill, according to two senior ministry officials.
2 mins
November 26, 2025
Mint New Delhi
KKR strengthens its play in Lighthouse
Private equity firm KKR has made a fresh round of investment in Lighthouse Learning, along with new investor PSP Investments.
1 mins
November 26, 2025
Mint New Delhi
India’s oil binge to end in Dec as sanctions bite Russia
US targeted top Russian producers Rosneft and Lukoil in recent round of sanctions. AP
1 mins
November 26, 2025
Mint New Delhi
Three public sector banks get new EDs
The government has appointed new executive directors (EDs) at Union Bank of India, Central Bank of India and Bank of India, according to regulatory disclosures on Tuesday.
1 min
November 26, 2025
Mint New Delhi
India requires a healthkeeper to secure its demographic dividend
Scaling up the use of tech to track health can provide a vital generation the preventive care it’ll need
3 mins
November 26, 2025
Mint New Delhi
Wipro to enter pet foods with ‘HappyFur’
Wipro Consumer Care and Lighting, the consumer venture of Wipro Enterprises, is set to enter India’s fast-growing pet food market with a new brand, ‘HappyFur’, said three people aware of the plan.
2 mins
November 26, 2025
Listen
Translate
Change font size