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Lenders approve Uganda-based INSCO's ₹2,257-crore plan for Hindusthan Glass
Creditors, including State Bank of India, have approved Independent Sugar Corp's revised ₹2,257 crore resolution plan for Hindusthan National Glass. The plan involves an upfront payment of ₹1,901.5 crore and a deferred payment of ₹356.3 crore. Secured financial creditors will recover 66.18% of their claims, with a ₹1,000 crore capital expenditure planned to revive HNG's operations.
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