Amtek Auto has sold 1,023,934 equity shares representing 5% of total paid up equity share capital of its subsidiary, Amtek Ring Gears to a Foreign Investor at a price of Rs 200 per equity shares aggregating to Rs 20.47 crore.
Amtek Auto is engaged in manufacturing of various automotive machined and forged components such as case extensions, crankshaft assemblies, gear pinions, pivot arm, connecting rod assemblies etc.