Competition Commission of India puts on hold HNGL acquisition

摘要

India's largest container glass producer, Hindustan National Glass Limited's ( HNGL) acquisition has been put on hold by the Competition Commission of India ( CCI), a few days after the committee of creditors (CoC) showed a green light to the proposed resolution plan. CCI has invalidated details furnished by AGI Greenpac and has asked the company to submit more details. These details are sought by the competition commission when the market share of the acquiring company is more than 15 in the domestic market.