Amtek Auto, one of India's largest integrated component manufacturers, is planning to raise Rs 117.5 crore by issuing equity shares to promoters on a preferential basis. The company has called an EGM (extraordinary general meeting) on March 25, 2017, to get approval from its shareholders for the proposal. The company is likely to issue maximum of 2.35 crore equity share at a price of Rs 50 per share including premium of Rs 48 aggregating to Rs 117.5 crore.
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.
