MoneyWorks4Me

Amtek Auto sells 5% stake in Amtek Ring Gears for Rs 20.47 crore

30 Jan 2013 Evaluate

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.

Peers
Company Name CMP
AIA Engineering 3920.55
Alicon Castalloy 729.70
Nelcast 118.55
PTC Industries 21791.30
Synergy Green Inds. 639.15
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