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AMTEK LENDERS
Amtek lenders close to sealing resolution with US hedge fundDebt resolution at bankrupt auto parts maker Amtek Auto is finally moving forward as lenders and US-based hedge fund Deccan Value Investors...- NCLAT asks Amtek Auto lenders to consider bids of Deccan Value Investors"We have not allowed the committee of creditors or resolution professional to issue fresh information memorandum or invitation calling for ...
- Amtek lenders seek to restart process for resolution, Liberty House cries foulThe lenders have also requested NCLT to allow them to “recommence" the process for inviting resolution plans and exclude the litigation per...
- Cracks in Liberty House Group deal due to valuation, dues disagreementMonitoring committee will petition NCLT to seek more time to look for new takers, among other options.
- Liberty House misses deadline to pay Amtek, Adhunik lendersLiberty House had won the assets in July and was expected to pay lenders Rs 4,810 crore by October.
- Amtek auto subsidiary gets two bids"We have received two binding bids and both the offers are in the range of Rs 1,400 crore to Rs 1,500 crore."
- Review sought on Liberty’s eligibility for Amtek bidLenders’ move comes after company’s bid for ABG Shipyard declared ineligible.
- Oriental Bank drags Lotus Auto to NCLTThe company collectively owes about Rs 650 crore (including interest) to a group of lenders including Oriental Bank of Commerce, Central Ba...
- Amtek Auto, subsidiaries hit upper circuit; here’s whyAmtek Auto is a key supplier to leading auto manufacturers such as Maruti Suzuki and Tata Motors.
- Deccan Value is top bidder for Amtek AutoAmtek Auto had received two binding bids from Liberty House and Deccan Value.
- Lenders reject Amtek Auto bidsThe bidders have proposed to sell Amtek stake in German company Amtek Tekfor Holding and use the proceeds to settle the loans.
- Nova Scotia withdraws petition against AmtekLenders approached NCLT in Chandigarh early this week and suggested consulting firm EY.
- Stakeholders Empowerment Services questions loans to Amtek Auto by promotersAmtek Auto has an outstanding debt of more than Rs. 14,000 crore, with a net interest cost of Rs. 755 crore. With the 2016 loss more than d...
- Bharat Forge, Sona Koyo competing with Blackstone Group, KKR and DA Capital for Amtek“Bharat Forge and Sona are looking to acquire parts of the auto forging assets, while financial investors are looking to acquire the entire...
- DA Capital, SSG Capital Management eye stake in four Amtek Group entitiesThe consortium led by IDBI and other banks has decided to conduct an auction this week to find a suitable buyer. IDBI Capital and SBI Capit...
- Amtek Auto, 3 units agree to equity infusions by new investors"The Board of Amtek Auto Ltd, Metalyst Forgings Ltd, ARGL Ltd and Castex Technologies Ltd discussed the proposed investment of equity by ov...
- Amtek Auto seeks fresh loan of Rs 2,400 croreThe company, which has defaulted on payments on a Rs 800-crore bond issue, wants the loan for working capital and to repay higher-cost debt.
- Special audit report on Amtek Auto likely by next week: BankersLenders to the crisis-ridden Amtek Auto will soon decide on a corrective action plan based on a special audit report likely to be submitted...
- Inject equity before additional funds, lenders tell AmtekEarlier this month, Amtek Auto had said that it was considering selling some assets to overcome the financial crisis it was facing.
- Amtek Auto shares tank on payment delay by subsidiary Castex TechnologiesCastex Technologies, in which Amtek Auto holds 71.2 per cent equity, makes iron casting and machining part used in the auto industry.
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