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  • Amtek Auto Shoots Up 54% After Management Clarification - The Economic Times

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    Amtek Auto Shoots Up 54% After Management Clarification - The Economic Times

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    Amtek Auto Shoots Up 54% After Management Clarification - The Economic Times

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    31 vistas1 página

    Amtek Auto Shoots Up 54% After Management Clarification - The Economic Times

    Cargado por

    saurabh
    Amtek Auto Shoots Up 54% After Management Clarification - The Economic Times

    Copyright:

    © All Rights Reserved
    Descargue como PDF, TXT o lea en línea desde Scribd
    Marcar por contenido inapropiado
    de 1

    9/11/2015

    AmtekAutoshootsup54%aftermanagementclarificationTheEconomicTimes

    SearchforNews,StockQuotes&NAV's

    Youarehere: ETHome Markets Stocks News

    AmtekAutoshootsup54%aftermanagementclarification
    PostaComment

    ByECONOMICTIMES.COM|11Sep,2015,04.10PMIST

    NEWDELHI:SharesofAmtekAutoshotupabout75percentintradeonFridayafterthe
    companymanagementdeniedrumoursaboutbankruptcyandassuredcooperationwith
    Sebiinitsprobeintothestockriggingcharges.

    RELATEDVIDEO

    ThestockhitanintradayhighofRs53.15,up74.84percent,ontheBSE.However,some
    profitbookingwasobservedonthecountertowardsthecloseofthesession.Theauto
    ancillarystockeventuallyclosedthedayatRs46.70,up53.62percent.
    "Thepromotershavealwaysandwillalwayscontinuetosupportthebusinessjustlikethat
    theyhavedoneoverthelastnearly30years,"saidJohnFlintham,SeniorMD,AmtekAuto.
    AmtekAutoshootsup75%aftermanagementclarification

    CastexTechnologies,anautopartsmakerandsubsidiaryofdebtladenAmtekGroup,is
    underSebiinvestigationforallegedsharepricemanipulation.

    Editor'sPick

    SebiisexaminingtradingdetailsofCastexsharesaftersomeofthebondholdersofthe
    companyallegedpricemanipulationwithanaimtopushituptotriggerthemandatory
    conversionofforeigncurrencyconvertiblebonds(FCCBs).

    India'sforexreservesgoesbelow$350
    billionagain

    CastexonThursdayinformedthestockexchangesthatithadallottedequitysharesto
    investorsfollowingaconversionofitsforeigncurrencyconvertiblebonds.Sharesofthis
    AmtekAutosubsidiaryhavebeenonafallingspreeforalmostoneandahalfmonthsnow.
    Thestockhadplunged5percentonThursdayafterSebibeganaprobeintoalleged
    manipulationofthelatter'sstockprice.

    GoldmanSachslowers201516oilprice
    forecasts

    'Sovereigngoldbondschememorelikelyto
    succeed'

    Meanwhile,reportssaidlendersofAmtekAutohavedecidedtogoforaspecialauditofthe
    booksofvariousgroupcompaniesbeforeprovidingfreshloanstohelpitrepaytheRs800
    crorebondscomingupforredemptiononSeptember20.

    Sensexends12pointsdownNifty@7,789
    FIPBclears14foreigndirectinvestment
    proposals
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    http://economictimes.indiatimes.com/markets/stocks/news/amtekautoshootsup54aftermanagementclarification/articleshow/48912659.cms?prtpage=1

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