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Cerberus Capital, IFC to fund Madhvani group's Hindusthan National Glass buyout
M & A Critique
|October 2025
Cerberus Capital and World Bank arm, International Finance Corporation (IFC), have provided Madhvani group a Rs. 1600 crore loan for its planned takeover of Hindusthan National Glass and Industries Limited (HNG), according to people aware of the matter.
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The planned takeover involves a resolution plan of Rs. 2,250 crore that was submitted to the national company law tribunal by the Uganda-based conglomerate that operates multiple businesses in Africa. However, it is securing funding to cover for potential operating expenditures as well.
Cerberus Capital is said to be contributing about three quarters of the loan amount.
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FLERE HISTORIER FRA M & A Critique
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