With reference to the news appeared in ETNOW on September 11, 2015 captioned ‘open to sell minority stake in some assets, can consider selling some minority stake in some overseas business, looking to sell select Industrial Plants, Negotiations going on---Promoters may pump more money into the company, Company to clarify on financial position in next few days’, Amtek Auto has clarified that as of date the Company is considering various means to de-leverage the balance sheet including selling of noncore business, minority stake in overseas companies and some industrial real estate assets within the business. However, as on date, no negotiations are carried on. If any positive development takes place, the same will be intimated to the exchange as per the requirement of the listing agreement. In the past, the promoter has pumped in money in the Company and if required, in future, may infuse more money in the Company.
The above information is a part of company’s filings submitted to BSE.
