India: Creditors mull plan to sell Amtek Auto along with subsidiaries

India: Creditors mull plan to sell Amtek Auto along with subsidiaries

Auto parts maker Amtek Auto counts most of India’s top auto component makers as clients. Photo: Bloomberg

Creditors of Amtek Auto Ltd, the auto parts maker undergoing insolvency proceedings, are considering a proposal to sell the company along with its units, following a lukewarm response to the first round of bidding when it was offered as a stand-alone asset, two people aware of the development said.

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