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Mahindra interested in Amtek's overseas assets

Amtek Auto is liquidating its overseas assets to bring down its debt of Rs 15,000 crore

Anand Mahindra, chairman of Mahindra & Mahindra
Anand Mahindra, chairman of Mahindra & Mahindra

Mahindra CIE Automotive, the Indo-Spanish diversified auto component maker, is amongst the handful of companies who have shown interest in buying business assets of cash-strapped auto parts maker Amtek Auto. Investment bankers who have been given the mandate for the sale, have made presentations to top management of Mahindra CIE, an industry source said. Amtek Auto is liquidating its overseas assets to bring down its debt of Rs 15,000 crore. For this Amtek has been talking to companies in India and others global entities since the past several months. However, the deal has ...