Oaktree Capital, Cerberus, Kotak in race for bottlemaker HNG

Private Equity funds Oaktree Capital, Kotak Special Situations Fund and Cerberus along with Danish beer maker Carlsberg, Nirma Chemicals and SNJ Distilleries are among a dozen entities that have shown interest in acquiring the bankrupt Hindusthan National Glass Industries (HNG) that makes alcoholic beverages bottles. Carlsberg submitted a bid through its affiliate Lotus One Investment. Kolkata-based HNG also received EoI from listed AGI Greenpac (formerly HSIL Ltd), makers of sanitaryware products. Jindal Power and United Biotech are among other applicants who have submitted EoIs.