Amtek Auto’s subsidiary - Amtek Global Technologies, has entered into an arrangement to sell its UK based subsidiaries’ plants to Liberty Group. Earlier in March, the company was planning to raise Rs 117.5 crore by issuing equity shares to promoters on a preferential basis.
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.
