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Amtek stock up 8% on fresh equity investment proposal

Amtek Auto's consolidated debt stood at Rs 14,500 crore as of March 2016

Ajay Modi  |  New Delhi 

Delhi-based auto component maker Amtek Auto’s stock price surged nearly eight per cent after the debt ridden company said its board has approved proposals from overseas investors to infuse fresh capital. These investors, the company said will also invest equity in other group companies like Metalyst Forgings and Castex Technologies. A join board meet of all companies was held today. “The proposed plan also envisages a broader corporate restructuring involving the consolidation of the domestic business and the ongoing asset monetisation to support the proposed ...

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Amtek stock up 8% on fresh equity investment proposal

Amtek Auto's consolidated debt stood at Rs 14,500 crore as of March 2016

Amtek Auto's consolidated debt stood at Rs 14,500 crore as of March 2016 Delhi-based auto component maker Amtek Auto’s stock price surged nearly eight per cent after the debt ridden company said its board has approved proposals from overseas investors to infuse fresh capital. These investors, the company said will also invest equity in other group companies like Metalyst Forgings and Castex Technologies. A join board meet of all companies was held today. “The proposed plan also envisages a broader corporate restructuring involving the consolidation of the domestic business and the ongoing asset monetisation to support the proposed ... image
Business Standard
177 22

Amtek stock up 8% on fresh equity investment proposal

Amtek Auto's consolidated debt stood at Rs 14,500 crore as of March 2016

Delhi-based auto component maker Amtek Auto’s stock price surged nearly eight per cent after the debt ridden company said its board has approved proposals from overseas investors to infuse fresh capital. These investors, the company said will also invest equity in other group companies like Metalyst Forgings and Castex Technologies. A join board meet of all companies was held today. “The proposed plan also envisages a broader corporate restructuring involving the consolidation of the domestic business and the ongoing asset monetisation to support the proposed ...

image
Business Standard
177 22