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Amtek Auto shares surge nearly 6% ahead of board meet

Press Trust of India  |  New Delhi 

of auto components maker today surged nearly 6 per cent ahead of the company's board meet to consider a proposal for infusing fresh equity by new investors and restructuring of the firm.

The stock jumped 5.57 per cent to close at Rs 40.75 on During the day, it climbed 8 per cent to Rs 41.70.

At NSE, of the company soared 5.55 per cent to end at Rs 40.85.

On the volume front, 8.41 lakh of the company were traded on and over 36 lakh shares changed hands at during the day.

A meeting of the board is scheduled to be held on November 30 to consider the proposals, had said in a regulatory filing on Saturday.

Simultaneously, a joint meeting of board of directors of Amtek, Castex Technologies and ARGL Ltd is also being convened to discuss the individual board meeting and deliberate on the infusion of fresh equity by the new investors, it added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, November 28 2016. 19:07 IST