HNG promoter offers Rs 1,380 cr in cash, 10% equity to lenders
Mumbai: The promoter of Mumbai-listed Hindusthan National Glass (HNG) has proposed ₹1,380 crore in cash and 10% by way of equity to lenders as a settlement in a last-ditch attempt to exit bankruptcy proceedings, two people aware of the development told ET. The company has deposited close to ₹110 crore with lenders to show its … Read more