HomeNewsBusinessCompaniesMahindra CIE in race for Amtek Auto's German asset

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.

October 04, 2016 / 10:14 IST
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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.The management of Amtek Auto says sale of its European assets has been delayed by a month. The company expects to close the sale of German subsidiary Neumayer Tekfor by end of October.Watch video for more...

first published: Oct 4, 2016 09:00 am

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