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Probe Agency Arrests Company Promoter In Rs 25,000 Crore Bank Loan Fraud
The Enforcement Directorate on Thursday said it has arrested the director of an insolvent automotive equipment manufacturing company as part of a money laundering probe linked to an alleged Rs 25,000-crore bank loan fraud case.
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Amtek Auto Plunges 7% After Loss Widens In Q2
Amtek Auto reported a standalone net loss of Rs 755.18 crore for the fiscal second quarter that ended on September 30, 2016, as against Rs 158.62 crore a year ago.
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Amtek To Shortlist Bidders For German Car Parts Maker Tekfor: Report
Seven of the bids came from car parts makers, including a state-owned Chinese firm, while one offer was made by a private equity group, one of the sources said.
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Lenders Order Special Audit of Amtek Auto Books
Lenders have an exposure of around Rs 8,000 crore to Amtek Auto which is a part of Amtek Group, the component manufacturers with global presence, which as a whole has a debt of over Rs 26,000 crore, most of which is not hedged or collateralised.
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Amtek Auto Jumps 54% as Promoters Infuse Funds
In a regulatory filing, Amtek said it has allotted 44,37,500 equity shares of face value of Rs 2 each at a premium of Rs 167 aggregating to Rs 74.99 crore to promoters group companies by way of preferential allotment.
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Selloff in Amtek Auto Hits Shares of Group Companies
Over the last one month, Amtek Auto shares plunged nearly 82 per cent as compared to a 10 per cent fall in the Sensex.
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Amtek Auto Jumps on Acquisition Plans
Amtek Auto has entered into a share purchase agreement with Japan based Asahi Tec Corporation to acquire its various group companies.
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Amtek Auto Gains 19% After Subsidiary secures Rs 1,800 Crore Funding
Amtek Global Technologies, a subsidiary of Amtek Auto, has secured long term debt financing of 235 million euro from Kohlberg Kravis Roberts (KKR). The amount would be used to pay back bridge loans which is of higher interest.
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Amtek Auto to pick up stake in Germany's Neumayer Tekfor
Amtek Auto Ltd will acquire "substantial business interests" of Germany's Neumayer Tekfor (NT) Group, the auto component maker said on Monday.
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Amtek Auto Ltd - Joint Venture by Group Company
The board at its meeting held on October 29, 2011 has approved for the same
-
Probe Agency Arrests Company Promoter In Rs 25,000 Crore Bank Loan Fraud
The Enforcement Directorate on Thursday said it has arrested the director of an insolvent automotive equipment manufacturing company as part of a money laundering probe linked to an alleged Rs 25,000-crore bank loan fraud case.
-
Amtek Auto Plunges 7% After Loss Widens In Q2
Amtek Auto reported a standalone net loss of Rs 755.18 crore for the fiscal second quarter that ended on September 30, 2016, as against Rs 158.62 crore a year ago.
-
Amtek To Shortlist Bidders For German Car Parts Maker Tekfor: Report
Seven of the bids came from car parts makers, including a state-owned Chinese firm, while one offer was made by a private equity group, one of the sources said.
-
Lenders Order Special Audit of Amtek Auto Books
Lenders have an exposure of around Rs 8,000 crore to Amtek Auto which is a part of Amtek Group, the component manufacturers with global presence, which as a whole has a debt of over Rs 26,000 crore, most of which is not hedged or collateralised.
-
Amtek Auto Jumps 54% as Promoters Infuse Funds
In a regulatory filing, Amtek said it has allotted 44,37,500 equity shares of face value of Rs 2 each at a premium of Rs 167 aggregating to Rs 74.99 crore to promoters group companies by way of preferential allotment.
-
Selloff in Amtek Auto Hits Shares of Group Companies
Over the last one month, Amtek Auto shares plunged nearly 82 per cent as compared to a 10 per cent fall in the Sensex.
-
Amtek Auto Jumps on Acquisition Plans
Amtek Auto has entered into a share purchase agreement with Japan based Asahi Tec Corporation to acquire its various group companies.
-
Amtek Auto Gains 19% After Subsidiary secures Rs 1,800 Crore Funding
Amtek Global Technologies, a subsidiary of Amtek Auto, has secured long term debt financing of 235 million euro from Kohlberg Kravis Roberts (KKR). The amount would be used to pay back bridge loans which is of higher interest.
-
Amtek Auto to pick up stake in Germany's Neumayer Tekfor
Amtek Auto Ltd will acquire "substantial business interests" of Germany's Neumayer Tekfor (NT) Group, the auto component maker said on Monday.
-
Amtek Auto Ltd - Joint Venture by Group Company
The board at its meeting held on October 29, 2011 has approved for the same
