India: Amtek Auto continues talks with banks to restructure debt

India: Amtek Auto continues talks with banks to restructure debt

Amtek on Monday failed to repay its institutional holders nearly Rs 800 crore in bonds that were due for redemption on 20 September. Visual sourced from Amtek Auto wesbite.

Amtek Auto Ltd, a Delhi-based auto parts maker, said the company is in “advanced discussions with various banks and financial institutions for re-alignment of its debt obligations.”

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