AGI Greenpac’s stock saw a sharp decline of 16% following the Supreme Court’s rejection of its resolution plan for Hindustan National Glass (HNG). As of 11:49 AM, the shares were trading 16.10% lower at Rs 788.40.
Hindusthan National Glass has been in corporate insolvency since October 2021, following the Kolkata NCLT order. In October 2022, 98% of the Committee of Creditors accepted AGI Greenpac’s ₹2,213 crore resolution plan for Hindusthan National Glass.
AGI Greenpac shares opened at 943.35, reaching a high of 1,008.45 and a low of 769.00. The stock has a 52-week high of 1,307.90 and a low of 610.40, showing a significant price range over the past year.
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