Amtek Auto
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All Stories for Amtek Auto
IL&FS fiasco singeing mutual fund investors: What happened to fund houses’ much-vaunted research capabilities?
Muralidharan •That IL&FS would default to its bondholders could have been easily ferreted out had the fund houses upped their ante on the back of their famed research capabilities.
BSE will move Videocon Industries, Gemini Communication, nine others to restricted trading segment from 3 September
•The move is part of the surveillance review to ensure market safety and safeguard the interest of investors
BSE, NSE to suspend trading in shares of 9 firms including Gitanjali Gems, Amtek Auto
•BSE said, trading in securities of the nine companies will be suspended from 10 September 2018 on account of non-compliance with Regulation 33 of LODR Regulations for two consecutive quarters
NCLT approves Liberty House bid for Amtek Auto; total potential recovery by creditors calculated at Rs 4,404 crore
•Amtek has a total debt of Rs 12,603 crores and the liquidation value of its assets was determined at Rs 4,119 crores
New bankruptcy code provisions to deepen losses for banks, says Kotak Securities report
•"Promoters of most large steel companies were quite intent to regain control and did appear to offer the most competitive bid during the resolution process but are barred from doing so now," domestic brokerage Kotak Securities said
Provisioning for 12 NPAs: SBI's Arundhati Bhattacharya rules out huge dent on bottom lines
•These 12 large accounts had become NPAs by end-March 2016 and Crisil estimates show the banks had already provisioned 40 percent for these NPAs worth Rs 2 trillion or about Rs 80,000 crore.
Banks chart out plan for 12 large NPA accounts, Lanco Infratech first to be booked
•Bankers met to discuss accounts such as Amtek Auto, Bhushan Steel and Essar Steel, among others
NPA problem: Bankers meet begins today, to decide on large loan defaulters
•The first set of six troubled accounts are Bhushan Steel (Rs 44,478 cr), Essar Steel (Rs 37,284 cr), Bhusan Power and Steel (Rs 37,248 cr), Alok Industries (Rs 22,075 cr), Amtek Auto (Rs 14,074 cr) and Monnet Ispat (Rs 12,115 cr), a banker said.
NPA crackdown: Read here for financial details of these 12 big loan defaulters likely to go for bankruptcy
Kishork123 •Monnet Ispat had a debt of over Rs 10,000 crore while its net worth turned negative to Rs 1,602 crore in FY17
Bhushan, Essar Steel among 12 firms being moved to insolvency courts, sources to Reuters
•The RBI has yet to officially name any of the 12 companies, which account for about 2 trillion rupees ($31 billion) of India's non-performing loans, or roughly 25 percent of all the country's bad loans.