Foreign institutional investors (FIIs) have sold around four million equity shares of Amtek Auto through open market. On September 3, the Swiss Finance Corporation (Mauritius) sold 2.74 million shares at Rs 35.88 per share, while Barclays Capital Mauritius sold 1.22 million shares at Rs 36.50 per share on the NSE.
As of June 2015, Swiss Finance Corporation (Mauritius) held 6.04 million or 2.74% stake in the company.
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.
