INSCO pays creditors ₹1,851 crore to complete Hindusthan National Glass buy

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INSCO, part of the esteemed Madhvani Group from Uganda, has wrapped up its acquisition of HNG, India's premier glass bottle producer, concluding a four-year bankruptcy ordeal. The deal saw INSCO disburse ₹1,851 crore to creditors and grant a 5% ownership share. This successful resolution offers a sigh of relief for creditors who have navigated years of legal challenges.