DynamicLevels
DynamicLevels
15 Jul 2016
Banks to take control of two Amtek Auto subsidiaries
Dynamic Levels
MUMBAI:Control of two subsidiaries of Amtek Auto is being taken up by the banks as they defaulted on bond repayment last year. Amtek Auto share price has had a negative impact by the news, said market analysts. Lenders have agreed on generic terms to take control of two listed subsidiaries of auto component maker, Metalyst Forging and Castex Technologies. At a recent meeting held in Mumbai, banks led by IDBI Bank have agreed on generic terms to convert a part of their d
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