Amtek India gets board's nod to raise Rs 96.25 cr

New Delhi, Dec 3 (UNI) Amtek India Ltd, promoted by the Amtek Group, today said it will raise Rs 96.25 crore through a preferential issue of shares.

The board has decided to issue 5.5 million shares at Rs 175 each to the promoter group companies for raising Rs 96.25 crore, the company said in a statement.

Set up in 1982, Amtek India produces automobile ancillaries with two manufacturing units located at Gurgaon in Haryana and Bhiwadi in Rajasthan.

The company manufactures automotive components with special focus on a variety of iron castings.

UNI