Mar 08, 2018 01:42 PM IST
Liberty House has emerged as the top bidder for Amtek Auto. In an interview with CNBC-TV18, Sanjeev Gupta, Chairman of Liberty House Group spoke about the latest happenings in his company and sector.
- Feb 26, 2018 10:10 AM IST
In an interview with CNBC-TV18, Sanjeev Gupta, Executive Chairman of Liberty House discussed the highlights of the key Indian assets that they have bid for.
- Dec 05, 2017 11:48 AM IST
The order book for oil and gas business is pretty strong, it is almost 4-5 times last year, said Baba Kalyani, CMD, Bharat Forge.
- Nov 03, 2017 03:53 PM IST
Edelweiss Financial Services posted a strong topline growth that boosted the earnings for the company. In an interview to CNBC-TV18, Rashesh Shah, Chairman & CEO discussed the company’s Q2 performance and also shared his views on the news of Bharat Forge looking to bid for Amtek Auto.
- Jun 28, 2017 11:24 AM IST
The NPA resolution drive has led to the rise in business for consultants like EY, Deloitte, PWC etc. To explain the process of how the insolvency of a company under IBC takes place, CNBC-TV18 spoke to Abizer Diwanji, Partner & National Leader-Financial Services, EY- India.
- Jun 16, 2017 08:10 AM IST
The RBI has sent bankers the list of 12 stressed accounts that they must resolve through the Insolvency and Bankruptcy Code (IBC).
- Nov 30, 2016 04:02 PM IST
The investors has made a significant investment in the group, said John Flintham, Vice Chairman of Amtek Auto. The company did not disclose name of the investor.
- Oct 04, 2016 09:00 AM IST
Mahindra CIE could be interested in German assets of Amtek Auto which is desperately looking for a buyer to pare its Rs 15,000-crore debt, according to people privy to the two companies. Amtek Auto is also talking to other players in the market, reports CNBC-TV 18.
- Sep 14, 2016 01:34 PM IST
The company is looking to maintain EBITDA margin of 20 percent for Standalone India business and EBITDA of 8-9 percent for overseas business, says John Flintham, Vice Chairman and MD of Amtek Auto.
- Jun 21, 2016 01:57 PM IST
Sebi's view is that ratings cannot be withdrawn if obligations on a rated security are outstanding but the agencies can suspend the rating only in the case of a merger or closure of a company. CARE suspended its rate on Amtek Auto and CRISIL downgraded JPMorgan MF schemes.
- Jun 01, 2016 01:18 PM IST
Amtek Auto has shortlisted bidders for its Neumayer Tekfor subsidary and hopes to close the deal in four to six weeks, says Vice Chairman & MD John Flintham.
- Feb 16, 2016 01:00 PM IST
John Flintham, Vice Chairman and Managing Director of Amtek Auto, says the company is addressing the debt issue through debt reduction programme and has set an internal target of raising Rs 6,500 crore for debt repayment by Sep 2016.
- Nov 30, 2015 11:52 AM IST
John Flintham, Vice Chairman and Managing Director, Amtek Auto says while the company's overseas business is doing well, he doesn't see much activity in India and expects H12016 to be similar to the current market situation.
- Sep 23, 2015 10:00 AM IST
Believes Amtek is trying to provide confidence to bond holders, says Kishor Kharat MD & CEO at IDBI Bank.
- Sep 10, 2015 01:07 PM IST
In an interview to CNBC-TV18, Hetal Dalal, COO, IIAS, says the shareholders have a good chance of winning a case against the company.
- Sep 09, 2015 11:46 AM IST
About Rs 16,000 crore loans and bonds of Amtek Auto, which provides ancillary parts to Maruti Suzuki, are at stake. The company's rating has been downgraded to C in August, from A + on weak financial fundamentals.
- Aug 21, 2015 10:37 AM IST
In an interview with CNBC-TV18, Executive Director of Bank of Maharashtra R Athmaram says that NPAs in the steel sector are manageable. He expects the bank's NPA situation to improve in coming two quarters.
- Aug 19, 2015 04:13 PM IST
The company also has huge debt on its books, but Gautam Malhotra of Amtek Auto says he is exploring various options to reduce the same and expects to lower it by up to Rs 2,000 crore in the next two years.
- May 28, 2015 10:55 AM IST
According to VC John Flintham, non-auto sectors like Railways and tractors are expected to be subdued. The organic growth in FY15 will be less compared to last year, he added.
- Apr 28, 2015 09:54 AM IST
Amtek Auto, one of India‘s largest auto component maker, will complete the transaction through its overseas subsidiary.
- Feb 13, 2015 10:47 AM IST
The company is targeting annual revenue of Rs 22,000-23,000 crore in the months ahead.
- Jan 19, 2015 01:44 PM IST
The direct exports for the company have gone up from Rs 500 crore to Rs 1000 crore in the2014 and would jump considerably in 2015 too, says John Flintham, Senior MD & CEO of Amtek Auto.
- Nov 25, 2014 09:00 AM IST
The company‘s debt levels, however, will rise from Rs 3000 crore to Rs 16000 crore post these purchases, adds John Flintham, senior managing director and chief executive officer, Amtek Auto.
- Oct 10, 2014 11:48 AM IST
The capacity utilisation for the company currently stands at 57 percent, which is likely to go up to 58-59% for the year, says John Flintham, senior MD & CEO, Amtek Auto.
- Feb 14, 2014 01:51 PM IST
Acquisition of Neumayer Tekfor and JMTAuto already contributed to growth in quarter gone by, and the acquisition of German Kuepper Group would add substantially to growth in next fiscal year, said John Flintham, Sr MD & CEO, Amtek Auto.