Amtek India has received its board’s approval to raise finance by issue of Redeemable Non-Convertible Debentures (NCDs) up to Rs 600 crore on Private Placement basis subject to the approvals of Shareholder’s and any other approvals from regulatory authority. The board at its meeting held on April 23, 2015 has approved for the same.
Amtek India, the country’s largest iron casting company, is a majority owned subsidiary of Amtek Auto, the flagship company of the Amtek Group. The company has two plants located at Narasinghpur in Gurgaon and at Bhiwadi in Rajasthan and its registered office is situated at Old Manesar Road, Village Narsinghpur in Haryana.
