India: Amtek Auto fails to meet bond redemption deadline of Sep 20

India: Amtek Auto fails to meet bond redemption deadline of Sep 20

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 on Monday failed to repay its institutional holders nearly Rs.800 crore in bonds that were due for redemption on 20 September, said three people familiar with the matter, suggesting that the company may have defaulted on its scheduled payments.

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