# INSCO acquires Hindustan National Glass & Industries

Independent Sugar Corporation Limited (INSCO) announced the acquisition of Hindustan National Glass & Industries Limited (HNGIL) through the IBC process, with an upfront cash payment of INR 1,901.55 crores and deferred payment of INR 356.28 crores. The NCLT approved the resolution plan on August 14, 2025.

- Type: Acquisition
- Announced: 2025-09-29
- Where: Kolkata, India, India
- Value: $2.28B (190.2B INR)
- Status: completed
- Products: container glass
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Cerberus Capital Management](https://endata.com/companies/4142.md) (investor)
- [International Finance Corporation](https://endata.com/companies/12849.md) (investor)
- [Independent Sugar Corporation Limited](https://endata.com/companies/87419.md) (acquirer)
- [Hindustan National Glass & Industries Limited](https://endata.com/companies/87420.md) (target)

## Sources

- [hngil.com](https://www.hngil.com/p/media/press-release/independent-sugar-corporation-limited-insco-announces-acquisition-of-hindustan-national-glass-industries-limited-hngil-insco-brings-global-experience-to-rebuild-indias-leading-container-glass-company), 2025-09-29: "Independent Sugar Corporation Limited (INSCO) is pleased to announce the acquisition of Hindustan National Glass & Industries Limited (HNGIL)"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.