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  • Amtek Auto Q2 net loss widens to Rs 92.24 cr Nov 21, 2019 10:39 PM IST

    Amtek Auto Q2 net loss widens to Rs 92.24 cr

    Total revenue of the company declined to Rs 194.24 crore as compared to Rs 300.84 crore in the year-ago period, Amtek Auto said in a regulatory filing.

  • NCLAT orders liquidation of Amtek Auto Aug 16, 2019 07:05 PM IST

    NCLAT orders liquidation of Amtek Auto

    A three-member bench headed by Chairperson Justice S J Mukhopadhaya directed the Chandigarh bench of the National Company Law Tribunal (NCLT) to pass an order of liquidation as 270 days mandated under IBC for finalising a resolution plan have already lapsed.

  • Amtek Auto Standalone March 2019 Net Sales at Rs 273.68 crore, down 19.55% Y-o-Y May 31, 2019 03:11 PM IST

    Amtek Auto Standalone March 2019 Net Sales at Rs 273.68 crore, down 19.55% Y-o-Y

  • Opinion | Company boards should not decide payments to independent directors and auditors Apr 04, 2019 10:12 AM IST

    Opinion | Company boards should not decide payments to independent directors and auditors

    When the selection and fee payment of  auditors, credit rating firms and independent directors is decided by the management/promoter shareholders, it is obvious that their loyalty will be towards the latter.

  • Lenders ask for fresh round of bidding for Amtek Auto at NCLAT Mar 28, 2019 08:25 PM IST

    Lenders ask for fresh round of bidding for Amtek Auto at NCLAT

    NCLAT listed the matter for next hearing on April 22 and said 'CoC would not approve any other plan' in between.

  • Amtek Auto Standalone December 2018 Net Sales at Rs 261.55 crore, down 16.64% Y-o-Y Feb 18, 2019 11:06 AM IST

    Amtek Auto Standalone December 2018 Net Sales at Rs 261.55 crore, down 16.64% Y-o-Y

  • Franklin Templeton India Crisis: Comment | Debt mutual funds should learn from the past Feb 06, 2019 07:33 AM IST

    Franklin Templeton India Crisis: Comment | Debt mutual funds should learn from the past

    If an entrepreneur runs a highly successful business, it doesn't necessarily follow that she will do equally well in a completely unrelated industry.

  • NCLAT asks Liberty House if it wants to go ahead with resolution plan for Amtek Auto Jan 07, 2019 10:49 PM IST

    NCLAT asks Liberty House if it wants to go ahead with resolution plan for Amtek Auto

    The appellate tribunal has also asked the Committee of Creditors (CoC) if it has a higher bid for Amtek Auto other than that of Liberty House or not.

  • Franklin Templeton India Crisis | Opinion | Mutual funds side-pocketing distressed assets is one step short of pickpocketing investors Nov 28, 2018 01:40 PM IST

    Franklin Templeton India Crisis | Opinion | Mutual funds side-pocketing distressed assets is one step short of pickpocketing investors

    Allowing mutual funds to segregate distressed debt securities in a scheme, a practice called side-pocketing is a clear moral hazard.

  • CCI clears Liberty House's buyout of Amtek Auto Nov 08, 2018 10:44 PM IST

    CCI clears Liberty House's buyout of Amtek Auto

    Mergers and acquisitions beyond a certain threshold require the approval of the Competition Commission of India (CCI), which keeps a tab on unfair business practices across sectors.

  • Liberty House misses deadline to pay Rs 4,810 crore to Amtek, Adhunik lenders: Report Nov 05, 2018 10:17 AM IST

    Liberty House misses deadline to pay Rs 4,810 crore to Amtek, Adhunik lenders: Report

    The UK-based steel major had won both assets in July and according to the resolution plan, was expected to pay lenders Rs 4,810 crore by October

  • Amtek Auto sells its SMI JV stake to Nippon Steel and Sumitomo Metal Corp Apr 18, 2018 12:23 PM IST

    Amtek Auto sells its SMI JV stake to Nippon Steel and Sumitomo Metal Corp

    Debt-ridden Amtek Auto today said it has signed a share purchase agreement with Nippon Steel and Sumitomo Metal Corporation to sell its stake in its joint venture (JV) company SMI Amtek Crankshaft.

  • Amtek Auto jumps 5% after Committee of Creditors approves resolution plan of Liberty House Apr 06, 2018 02:38 PM IST

    Amtek Auto jumps 5% after Committee of Creditors approves resolution plan of Liberty House

    Amtek's subsidiary Castex Technologies and Metalyst Forgings were also locked at 5 percent upper circuit each at Rs 4.31 and Rs 28.20 on the BSE, respectively.

  • Amtek Auto: JP Morgan's Nandkumar Surti settles matter with Sebi Mar 27, 2018 06:23 PM IST

    Amtek Auto: JP Morgan's Nandkumar Surti settles matter with Sebi

    The regulator had initiated adjudication proceedings to inquire about the alleged violation of the code of conduct and mutual fund regulations by JP Morgan Asset Management India Pvt Ltd, JP Morgan MF and JP MF India Pvt Ltd and also to inquire into alleged violation mutual fund norms by Surti.

  • JP Morgan MF settles Amtek Auto case with Sebi Mar 26, 2018 09:38 PM IST

    JP Morgan MF settles Amtek Auto case with Sebi

    Sebi agreed to settle proposed adjudication proceedings in the case after it was approached by JP Morgan Asset Management India Pvt Ltd, JP Morgan MF and JP MF India Pvt Ltd with a plea under the settlement regulations "without admitting or denying the findings of fact and conclusion of law".

  • Amtek Auto locked at 5% upper circuit after Liberty House emerges as highest bidder Mar 08, 2018 10:15 AM IST

    Amtek Auto locked at 5% upper circuit after Liberty House emerges as highest bidder

    Amtek, which is one of the 12 large accounts identified by the Reserve Bank of India under Insolvency and Bankruptcy Code, has been facing bankruptcy proceedings over defaults of Rs 12,700 crore worth of loans.

  • Deccan Value leads the race for Amtek Auto Feb 20, 2018 11:15 AM IST

    Deccan Value leads the race for Amtek Auto

    US-based hedge fund Deccan Value is leading the race to bid for Amtek Auto, which has a debt pile of Rs 12,700 crore.

  • Amtek Auto hits 20% upper circuit as Bharat Forge in race to acquire company Nov 03, 2017 02:36 PM IST

    Amtek Auto hits 20% upper circuit as Bharat Forge in race to acquire company

    In a clarification note Bharat Forge said it has also participated in the process of acquiring Amtek Auto, along with other potential bidders.

  • SBI now begins bankruptcy proceedings against Amtek Auto arm: Report Oct 27, 2017 01:18 PM IST

    SBI now begins bankruptcy proceedings against Amtek Auto arm: Report

    The event comes three months after Amtek Auto, one of the 12 debt-ridden firms identified by the Reserve Bank of India (RBI), was taken to bankruptcy court.

  • Sell Glenmark Pharma, Idea Cellular; buy Titan Company, prefer Maruti Suzuki over Amtek Auto: Sudarshan Sukhani Aug 31, 2017 01:06 PM IST

    Sell Glenmark Pharma, Idea Cellular; buy Titan Company, prefer Maruti Suzuki over Amtek Auto: Sudarshan Sukhani

    Sudarshan Sukhani of s2analytics.com is of the view that one can sell Glenmark Pharma and Idea Cellular and buy Titan Company and prefers Maruti Suzuki over Amtek Auto.

  • Sell Ajanta Pharma, PVR; buy Delta Corp: Ashwani Gujral Aug 21, 2017 02:16 PM IST

    Sell Ajanta Pharma, PVR; buy Delta Corp: Ashwani Gujral

    Ashwani Gujral of ashwanigujral.com is of the view that one can sell Ajanta Pharma and PVR and buy Delta Corp.

  • Amtek Auto zooms 5% after subsidiary sells UK plants to Liberty Group Jul 24, 2017 11:39 AM IST

    Amtek Auto zooms 5% after subsidiary sells UK plants to Liberty Group

    Amtek Auto's loss widened sharply to Rs 889.6 crore in the quarter ended June 2017, from Rs 319.7 crore in year-ago quarter, hit by lower revenue and exceptional inventory loss.

  • Amtek Auto says insolvency proceedings accepted by NCLT Jul 05, 2017 07:56 AM IST

    Amtek Auto says insolvency proceedings accepted by NCLT

    "The application filed by Corporation Bank under section 7 of the Insolvency and bankruptcy Code, 2016... before NCLT, Chandigarh has been admitted by the tribunal," the company said in a BSE filing.

  • Sell Indiabulls Real Estate, Suven Life Sciences: Sandeep Wagle Jun 30, 2017 02:19 PM IST

    Sell Indiabulls Real Estate, Suven Life Sciences: Sandeep Wagle

    Sandeep Wagle of powermywealth.com recommends selling Indiabulls Real Estate and Suven Life Sciences.

  • Amtek Auto up 5% as Bharat Forge, Sona Koyo & overseas PE firms eye stake in company Jun 29, 2017 01:49 PM IST

    Amtek Auto up 5% as Bharat Forge, Sona Koyo & overseas PE firms eye stake in company

    The company's debt as of March 2016 stood at more than Rs 14,000 crore.

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