India: Amtek Auto to realign debt, seeks fresh funds from banks

India: Amtek Auto to realign debt, seeks fresh funds from banks

Visual from the group homepage. October 2015

Amtek Auto Ltd is in final stages of negotiations with bankers to “realign” the maturity of its debt, a top company official said on Monday, even as two bankers involved in the talks said the firm has sought additional funds. This demand for funds is likely to be granted, said the bankers.

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