Alliance Integrated Metaliks has sold 5% equity stake of total paid up equity share capital in each 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, the total holding of the Company in its subsidiaries have come down to 46% in ARGL and ACIL respectively and accordingly both the Companies have ceased to be Subsidiary Companies of Alliance Integrated Metaliks.
Alliance Integrated Metaliks is engaged in the manufacturing of steel with its concentration in manufacturing specialty steel and alloy products catering primarily to automobile applications and also for Industrial, Engineering Applications to a limited extend.
