SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Amtek Auto hikes stake in Ahmednagar Forgings to 67.77%

23 Apr 2013 Evaluate

Amtek Auto, prompter group firm of Ahmednagar Forgings, has raised its stake in Ahmednagar Forgings to 67.77% from 59.88% by acquiring additional shares. The promoter group firm has acquired 18 lakh shares of Ahmednagar Forgings from two fund houses at an average Rs 104.18 apiece.

Copthall Mauritius Investments and Warhol sold 16.10 lakh shares and 1.90 lakh shares, respectively through block and bulk deals. As of December quarter, Amtek Auto held 54.96% stake in Ahmednagar Forgings.

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.

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 3958.20
Alicon Castalloy 684.70
Nelcast 141.10
Steelcast 295.55
Synergy Green Inds. 514.80
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×