Amtek Auto, the flagship company of the Amtek Group, is reportedly planning to raise about Rs 6,500 crore by selling assets. The proceeds will go towards reducing the company's debt of about Rs 15,000 crore. Furthermore, the company is considering various means to deleverage the balance sheet, including selling of non-core business, minority stake in overseas companies and some industrial real estate assets within the business.
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
