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JMT Auto’s promoters enter into share purchase agreement with Amtek Auto

28 Jun 2013 Evaluate

JMT Auto’s promoters have entered into a share purchase agreement (SPA) with Amtek Auto for sale of substantial shares held by the promoters, selling 38,30,358 equity shares of the company, along with complete change of management of the company to Amtek Auto.

JMT Auto is one of the leading Auto component manufacturers in Eastern region. The company had identified Transmission Components as its key business area and acquired core competency in manufacturing products.

Peers
Company Name CMP
SamvardhanaMotherson 158.60
Tube Investments 2170.00
Bosch 50765.00
UNO Minda 1327.90
Bombay Burmah Trdg. 1283.55
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