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Amtek Auto News

25 Aug 2017

Cafral study claims positive market response to NPA Ordinance

Since the Ordinance and naming of 12 largest defaulters, the banking index gained over 5 per cent, says the report based on the stock performance between May 4 and June 13.

30 Nov 2015

Amtek Auto shares plunge over 6% on September quarter net loss

Shares of Amtek Auto fell over 6 percent Monday as the auto component maker suffered a consolidated net loss of Rs 987 crore for the year ended September against a net profit of Rs 848.21 crore last year.

02 Nov 2015

Amtek Auto ropes in Morgan Stanley as advisors to pare debt

In a regulatory filing, the firm said it was considering various options, including a minority stake sale of up to 25-40 percent in its overseas business.

25 Oct 2015

Special audit report on Amtek Auto likely by next week: Bankers

Lenders to the crisis-ridden Amtek Auto will soon decide on a corrective action plan (CAP) based on a special audit report likely to be submitted in the coming week.

27 Sep 2015

Inject equity before additional funds, lenders tell Amtek

Lenders of Amtek Auto have agreed to give additional funds to the troubled auto component-maker but have asked the promoters to bring in some equity first.

22 Sep 2015

Amtek hasn't approached us for new loans yet: Lenders

Even as cash-crunch hit Amtek Auto informed exchanges that it's in advanced talks with banks for fresh funds to repay its Rs 800 crore debt, lenders Tuesday denied any such discussions and said they've serious reservation about further lending to the auto component maker.

01 Oct 2015

BSE monitoring Amtek; seeks reply on bond payment default

Troubled Amtek Auto, which reportedly defaulted on its Rs 800-crore foreign currency bonds, Tuesday informed stock exchanges that it is in advanced discussions with various banks and financial institutions to meet its debt obligations.

14 Sep 2015

Amtek Auto shares continue to rally; surge 13%

Shares of Amtek Auto surged 13 percent Monday as promoters infused Rs 75 crore in the company and on news that it is considering selling non-core business, minority stake in overseas firm and some industrial real estate assets within the business to overcome the financial crisis.

11 Sep 2015

Considering selling non-core biz, real estate: Amtek Auto

Troubled auto components maker Amtek Auto is considering selling of non-core business, minority stake in overseas firm and some industrial real estate assets within the business to overcome financial crisis it is facing.

11 Sep 2015

Amtek Auto jumps 54% as promoters infuse funds

Shares of Amtek Auto shot up nearly 54 percent Friday as promoters infused Rs 75 crore in the company amid regulator Sebi probing alleged rigging of stock of its subsidiary.

07 Sep 2015

Selloff in Amtek Auto counter; stock down over 11%

Amtek Auto shares continued to witness selling pressure and settled for the day down over 11 percent to close at Rs 29.10, as concerns related to debt worries haunted investors.

31 Aug 2015

Amtek Exposure: JPMorgan MF restricts redemption in schemes

JP Morgan Mutual Fund has restricted redemptions from two of its debt schemes - Short Term Income Fund and India Treasury Fund -- a move that may severely impact its investors.

24 Nov 2014

Amtek Auto to acquire firms in Europe, South East Asia

The automobile parts maker also plans to raise up to Rs 200 crore from issue of non-convertible preference shares.

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