In Wednesday Amtek Auto was the buzzing stock during the morning and it is trading higher by 9.96% at Rs 28.15/share. Media reports say that big players are planning to buy stakes in the company.
The national news agency reported that around 21 investors are willing to buy stakes in the debt-ridden Amtek Auto some are Bain Capital, TPG Capital, DA Capital and Piramal Enterprises.
The company’s founder Arvind sham and his Family hold 52.4% stake in the company and promoters have one of the options is a stake sale to get rid of huge Rs 13,0000 car debt.
On Wednesday the Nifty and Sensex was trading in negative territory, in which Nifty is down by 30 points and 45 points by Sensex mainly on the back of MSCI’s decision to include some large cap Chinese stock in its flagship emerging market index.
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