Amtek Group stocks surge up to 20% amid stake sale buzz

Shares of Amtek Group companies today surged up to 20 per cent amid reports that several investors are in the fray to buy stake in debt-ridden Amtek Auto.

The stock of Amtek Auto soared 9.96 per cent to close at Rs 28.15 -- its highest trading permissible limit for the day -- on BSE.

At NSE, shares of the company jumped 9.96 per cent to end at Rs 28.15.

Heavy buying was also seen in other group stocks, with Castex Technologies surging 19.94 per cent to Rs 8 and Metalyst Forgings rising 9.93 per cent to Rs 41.50 on BSE.
 

Earlier in the day, BSE sought clarification from Amtek Auto on reports that Bain Capital, TPG Capital, DA Capital and Piramal Enterprises are in the fray to buy stake in the debt- ridden firm.

Later in the day, Amtek Auto said, "The company does not presently have any information, which is required to be disclosed to stock exchanges in terms of Sebi regulations, 2015".