Amtek Auto has reportedly received expressions of interest from 21 investors, including asset reconstruction companies. Bain Capital, TPG Capital, DA Capital, and Piramal Enterprises all are planning to buy a stake in the debt-ridden Amtek Auto.
A stake sale is one of the options for Amtek Auto’s promoters to bring down the company’s Rs 13,000 crore debt. Founder Arvind Dham and his family own a 52.4 per cent stake in the company.