Ahmednagar Forgings’ promoter entity Amtek Auto has increased its stake in the company by acquiring 1.80 million shares representing 4.90% of total equity of Ahmednagar Forgings at Rs 104.18 per share on the BSE on April 18, 2013.
The company has acquired these shares from Copthall Mauritius Investment and Warhol through bulk deals for total consideration of Rs 18.75 crore.
Ahmednagar Forgings is a manufacturer of forging and machined automotive components, cold forged parts and high tensile fasteners. The company operates four plants; two of them are located at Ahmednagar, Maharashtra and the other two near Pune, Maharashtra.
