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CCI rejects AGI Greenpac bid to overturn green channel approval for HNG deal
Business
Published on 2 May 2026
CCI says there was no material market overlap
The Competition Commission of India has rejected AGI Greenpac’s renewed challenge to the green channel approval granted for Independent Sugar Corporation’s acquisition of Hindusthan National Glass & Industries. AGI Greenpac alleged undisclosed equity participation and a control transfer, but the CCI found no significant market overlaps or material changes that would justify interfering with the earlier clearance.
- CCI upheld the green channel nod for the HNG acquisition deal
- AGI Greenpac’s claims on undisclosed equity and control transfer were dismissed
- Regulator cited no significant market overlap or material change
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times