MoneyWorks4Me

Amtek Auto sells 51% equity stake in ARGL, ACIL

26 Mar 2013 Evaluate

Amtek Auto has sold 51% equity stake of total paid up equity share capital of its subsidiary companies, ARGL (formerly known as Amtek Ring Gears) and ACIL (formerly known as Amtek Crankshafts (India)).  Consequent to the above sale of equity stake, ARGL and ACIL ceases to be subsidiary companies of Amtek Auto.

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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