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.

Liberty House eye Indian stressed assets

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.

To invest Rs 700 cr in domestic capex; defence orders healthy: Bharat Forge

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.

Indian economy is reviving: Edelweiss Financial Services

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.

Insolvency process: Key challenges explained by Abizer Diwanji, EY-India

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.

Essar, Amtek, Bhushan, JP Infra, Lanco among 12 big NPAs on RBI list

The RBI has sent bankers the list of 12 stressed accounts that they must resolve through the Insolvency and Bankruptcy Code (IBC).

Fresh infusion to help debt reduction: Amtek Auto

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.

Mahindra CIE in race for Amtek Auto's German asset

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.

To maintain EBITDA margin of 20% for standalone India biz: Amtek

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.

SEBI begins probe against CARE, CRISIL on rating suspension:Srcs

Sebi's view is that ratings cannot be withdrawn if obligations on a rated security are outstanding but the agencies can suspend the rating only in the case of a merger or closure of a company.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.

To pare debt significantly over 2-3 years: Amtek Auto

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.

Expect some pick up in economy, sales by mid-2016: Amtek Auto

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.

Aim to halve debt to Rs 7Kcr: Amtek Auto

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.

Exposure to Amtek; see 25 bps cut by RBI: IDBI Bank

Believes Amtek is trying to provide confidence to bond holders, says Kishor Kharat MD & CEO at IDBI Bank.

Shareholders have a good case against Castex: IIAS

In an interview to CNBC-TV18, Hetal Dalal, COO, IIAS, says the shareholders have a good chance of winning a case against the company.

Marginal exposure to Amtek Auto; no SDRs: Karur Vysya Bank

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.

Steel NPAs manageable; Amtek exposure Rs 1200 cr: Bk of Mah

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.

Not facing issues with lenders; will lower debt: Amtek Auto

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.

Will close Asahi Tec acquisition this qtr: Amtek Auto

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.

Asahi buyout to transform operations in SE Asia: Amtek Auto

Amtek Auto, one of India‘s largest auto component maker, will complete the transaction through its overseas subsidiary.

May cut some stake in subsidiaries if required: Amtek Auto

The company is targeting annual revenue of Rs 22,000-23,000 crore in the months ahead.

Amtek Auto sees significant rise in direct exports for 2015

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.

Eye Rs 24000 cr revenue aided by acquisitions: Amtek Auto

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.

See 20% plus EBITDA margins for FY15: Amtek Auto

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.

Acquisitions to drive growth; see uptick in exports: Amtek

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.