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Amtek Auto zooms 20% as Bharat Forge participates in acquisition process

Shares of Amtek Group companies - Amtek Auto, Metalyst Forgings and Castex Technologies - have locked in their respective upper limit of circuit breaker on the BSE.

Amtek auto, Amtek
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A worker at Amtek Auto

SI Reporter Mumbai
Shares of Amtek Group companies – Amtek Auto, Metalyst Forgings and Castex Technologies – have locked in their respective upper limit of circuit breaker on the BSE after Bharat Forge said that it has participated in the process of acquiring Amtek Auto.

Ametk Auto was locked in upper circuit of 20% at Rs 29.70 on the BSE with only buyers seeing on the counter. Till 01:52 PM; a combined 12.63 million shares changed hands and there were pending buy orders for 4.88 million shares on the NSE and BSE.

Metalyst Forgings too was frozen in 20% upper circuit