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Amtek Auto jumps 11% as Mahindra CIE in race for co's German biz

Amtek Auto shares rose more than 11 percent intraday Tuesday after sources told CNBC-TV18 that Mahindra CIE may also be interested in company's German business.
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.
Amtek deal positive; auto sales to dip ahead: StanChart

Amit Kasat of Standard Chartered believes the business deal is a strategic fit for the Amtek group and he is positive on the stock post its acquisition agreement.

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Neumayer Tekfor

Amtek Auto jumps 11% as Mahindra CIE in race for co's German biz

Mahindra CIE in race for Amtek Auto's German asset

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

Amtek deal positive; auto sales to dip ahead: StanChart