In a significant development, the Competition Commission of India (CCI) has exonerated the Independent Sugar Corporation (INSCO), a member of the Africa-based Madhwani Group, in the case concerning its acquisition of Hindustan National Glass Limited (HNGIL), as reported by dnaindia.com. This decision comes as a considerable relief to INSCO, affirming its eligibility for the green channel approval for the proposed takeover. The scrutiny by the CCI was initiated upon receiving a complaint from AGI Greenpac, challenging INSCO’s qualification due to alleged existing business interests in India.
INSCO Gets CCI Clean Chit In Hindustan National Glass Case
By News Analysis India1 Min Read
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