Carlsberg A/S (CPSE:CARL B), Oaktree Capital Management, L.P., Cerberus Capital Management, L.P., Nirma Chemicals and SNJ Distilleries Pvt Ltd. are among a dozen entities that have shown interest in acquiring the bankrupt Hindusthan National Glass & Industries Limited (BSE:515145) (HNG), said two people with knowledge of the matter. HNG also received EoI from AGI Greenpac Limited (BSE:500187), the people said. Kotak Special Situations Fund, Jindal Power Limited and United Biotech (P) Limited are among other applicants who have submitted EoIs, the people said.

Carlsberg submitted a bid through its affiliate Lotus One Investment. HNG lenders rejected a INR 12,500 million-INR 13,000 million one-time settlement (OTS) offered by the promoter, one of the persons cited above said. A company can exit insolvency only if 90% of creditors by value agree.

Promoter Somany is in talks with an Edelweiss-linked entity to fund their OTS, the same person said. "Lenders decided to invite firm bids to gauge if the promoter's offer is better than the applicants," said a third person involved in the resolution of HNG. The resolution professional Girish Juneja, backed by EY, has admitted INR 33,280 million claims from financial creditors.

Nirma, SNJ and Carlsberg are expected to be the front runners for HNG's assets, the same person said. The RP, Carlsberg, Nirma Chemicals, Oaktree, Kotak and JPL did not respond to the request for comments. AGI Greenpac and United Biotech could not be reached for comments.