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Amtek Auto sells 18 lakh shares of Ahmednagar Forgings

25 Mar 2015 Evaluate

Amtek Auto has sold 18 lakh shares of Ahmednagar Forgings through the open market route. The shares were sold on an average price of Rs 215.40 valuing the transaction to Rs 38.77 crore.

On the other hand, WLD Investment has bought 17.99 lakh shares of the company for an average price of Rs 215.40 through open market route.

Ahmednagar Forgings (AFL) is a manufacturer of forging and machined automotive components, cold forged parts and high tensile fasteners. AFL operates four plants; two of them are located at Ahmednagar, Maharashtra and the other two near Pune, Maharashtra.

Peers
Company Name CMP
Bharat Forge 1940.00
Ramkrishna Forgings 710.70
MM Forgings 632.10
Happy Forgings 2167.15
Balu Forge Inds. 533.25
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