21 investors in fray for Amtek Auto stake

Founder Arvind Dham and his family own a 52.4% stake in the company

Bain Capital, TPG Capital, DA Capital, and Piramal Enterprises are in the fray to buy a stake in the debt-ridden Amtek Auto. 

The Delhi-headquartered automobile component maker has received expressions of interest (EoIs) from 21 investors, including asset reconstruction companies. 

A stake sale is one of the options for Amtek Auto’s promoters to bring down the company’s Rs 13,000-crore debt. Founder Arvind Dham and his family own a 52.4 per cent stake in the company.

“These investors will place financial bids over the next three months. One or a group of investors may end up becoming a majority or large shareholder in the