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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.

Peers
Company Name CMP
AIA Engineering 4003.50
Alicon Castalloy 700.75
Nelcast 135.85
Steelcast 297.30
Synergy Green Inds. 517.45
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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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