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Citigroup sells around 1% stake of Amtek Auto for Rs 53 crore

04 Jul 2014 Evaluate

Citigroup sold 2.07 million shares representing 0.95% of total equity of Amtek Auto worth Rs 53 crore through open market. As per the bulk deal data, Citigroup sold each share of Amtek Auto at a price of Rs 255.93.

Amtek Auto manufactures components such as connecting rod assemblies, flywheel ring gears and assembly, steering knuckles, suspension and steering srms, CV joints, crankshaft assemblies and torque links. It is backed by in-house design and development facilities engaged in developing new product and processes.

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