Latest News on Amtek Auto
Showing of 0 - 10 from 17 results
Amtek Auto - Total results - 17
Dec 26, 2018
Insolvency proceedings: Bidders to face jail term, penalty if they pull out from plans to take over stressed firmsApart from invoking section 74 of the Insolvency and Bankruptcy Code, which provides for a jail term, the government may impose a maximum Rs 1 crore penalty
Dec 14, 2018
SEBI approval for side-pocketing in mutual funds spells good news for old and new investorsPreviously, SEBI was not in favor of allowing mutual funds to side-pocket or segregate their bad units.
Oct 02, 2018
IL&FS fiasco singeing mutual fund investors: What happened to fund houses’ much-vaunted research capabilities?That IL&FS would default to its bondholders could have been easily ferreted out had the fund houses upped their ante on the back of their famed research capabilities.
Aug 27, 2018
BSE will move Videocon Industries, Gemini Communication, nine others to restricted trading segment from 3 SeptemberThe move is part of the surveillance review to ensure market safety and safeguard the interest of investors
Aug 19, 2018
BSE, NSE to suspend trading in shares of 9 firms including Gitanjali Gems, Amtek AutoBSE said, trading in securities of the nine companies will be suspended from 10 September 2018 on account of non-compliance with Regulation 33 of LODR Regulations for two consecutive quarters
Jul 26, 2018
NCLT approves Liberty House bid for Amtek Auto; total potential recovery by creditors calculated at Rs 4,404 croreAmtek has a total debt of Rs 12,603 crores and the liquidation value of its assets was determined at Rs 4,119 crores
Nov 24, 2017
New bankruptcy code provisions to deepen losses for banks, says Kotak Securities report"Promoters of most large steel companies were quite intent to regain control and did appear to offer the most competitive bid during the resolution process but are barred from doing so now," domestic brokerage Kotak Securities said
Jun 28, 2017
Provisioning for 12 NPAs: SBI's Arundhati Bhattacharya rules out huge dent on bottom linesThese 12 large accounts had become NPAs by end-March 2016 and Crisil estimates show the banks had already provisioned 40 percent for these NPAs worth Rs 2 trillion or about Rs 80,000 crore.
Jun 20, 2017
Banks chart out plan for 12 large NPA accounts, Lanco Infratech first to be bookedBankers met to discuss accounts such as Amtek Auto, Bhushan Steel and Essar Steel, among others
Jun 19, 2017
NPA problem: Bankers meet begins today, to decide on large loan defaultersThe first set of six troubled accounts are Bhushan Steel (Rs 44,478 cr), Essar Steel (Rs 37,284 cr), Bhusan Power and Steel (Rs 37,248 cr), Alok Industries (Rs 22,075 cr), Amtek Auto (Rs 14,074 cr) and Monnet Ispat (Rs 12,115 cr), a banker said.