Page 2 - Amtek Auto

Lenders seek NCLT nod for restarting resolution process for Amtek Auto

Liberty House was declared the highest bidder for Amtek Auto in July last year after it made a Rs 4,200 crore bid for the company but failed to pay any amount to the banks

NCLAT asks Liberty House if it will go ahead with Amtek Auto resolution

Liberty House has made no payments despite repeated requests from the resolution professional to do so

Bar Liberty House from any resolution process: Amtek Auto CoC

Amtek Auto lenders also wanted to invoke Section 60 (5) of IBC Act against Liberty House as the company failed to make payments according to the resolution plan approved by the tribunal

Sebi slaps Rs 1.5 mn fine on Amtek Auto over failing bond redemption target

Amtek Auto, in September 2010, issued NCDs of Rs 8 billion by way of private placement memorandum which was due for redemption in Sept 2015

London-based Liberty House fails to make the payment for Amtek Auto

Lenders will now seek court's directions on penal action against the London-based firm. A Liberty House source said the company has asked for an extension from banks

Amtek Auto lenders plan to take legal action against Liberty House

Lenders not hopeful of Liberty House making payment by November 22

Amtek Auto sells its SMI JV stake to Nippon Steel, Sumitomo Metal Corp

Amtek Auto is one of the 12 large insolvency cases which are undergoing insolvency resolution process with NCLT

Liberty House, AION, SSG Capital, Deccan Value bid for Amtek Auto

Details of the resolution plans submitted by these bidders would be known in the coming days, said a person familiar with the developments

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.

Insolvency: AION, SSG Capital keen to invest in Amtek Auto

AION and SSG Capital are among the private equity firms which have submitted expression of interest to buy Amtek Auto

Amtek Auto loss widens to Rs 889 cr

Total income from operations during the quarter under review stood at Rs 446.84 cr

Debt ridden Amtek re-appoints former MD John Flintham as president

The company is not likely to have a managing director till the debt problem is resolved

Amtek Auto, Bhushan Steel, Monnet Ispat extend gains

Amtek Auto has rallied 10% for the second straight day, trading at Rs 30.85 on BSE.

21 investors in fray for Amtek Auto stake

Founder Arvind Dham and his family own a 52.4% stake in the company

Promoters might lose control of Amtek Auto

Planned stake sale might turn investors a majority shareholder

Amtek Auto gains ahead of board meet

The stock allied 9% to Rs 39.45 on the BSE in intra-day trade on back of heavy volumes

Amtek Auto gains 4% as it moves closer to pare debt

Nearly 1 lakh shares exchanged hands on the counter on the BSE against two-week average of 2.3 lakh shares

Amtek stock up 8% on fresh equity investment proposal

Amtek Auto's consolidated debt stood at Rs 14,500 crore as of March 2016

Amtek Group shares gain as board approves infusion of fresh capital by investors

Amtek Auto and Metalyst Forgings were up 7% each, while Castex Technologies up 8% on the BSE

Amtek Group shares extend rally ahead of board meet

Metalyst Forgings, Castex Technologies and Amtek Auto rallied between 18% and 37% in past two trading session.