What is the latest news Amtek Auto?
Amtek Auto Q2 net loss widens to Rs 92.24 cr Debt-ridden auto component maker Amtek Auto on Thursday reported widening of its net loss to Rs 92.24 crore for the second quarter ended September 30, 2019.
Why did Amtek Auto fail?
The real problem came due to the debt that Amtek had assumed to finance all these acquisitions. Therein lay the problem; because Amtek was increasingly finding it difficult to service these loans. That, in a way, was the beginning of the problems at Amtek Auto. The demand slowdown came in different forms.
What is Amtek Auto shareholder?
BloombergQuint
| Shareholders- Jun 21 | No of Shareholders | Shares in Demat (cr.) |
|---|---|---|
| Indian Promoters | 12.00 | 13.01 |
| Individuals / Hindu Undivided Family | 4.00 | 0.28 |
| Governent | 0.00 | 0.00 |
| Bodies Corporate | 0.00 | 0.00 |
What is the share price of Amtek Auto?
* BSE Market Depth (01 Apr 2019)
| BUY | SELL | |
|---|---|---|
| QTY | PRICE | PRICE |
| 50 | 2.81 | 2.84 |
| 900 | 2.80 | 2.85 |
| 12465 | 2.75 | 2.90 |
What will happen to Amtek Auto shareholders?
Amtek Auto has received both stock exchanges namely BSE and NSE approval for delisting its equity shares according to the resolution plan that has been approved by NCLT under Insolvency and Bankruptcy Code, 2016. The company will be delisted from stock exchanges with effect from September 27, 2021.
Will Amtek Auto be listed again?
The company will be delisted from stock exchanges with effect from September 27, 2021. The insolvency profession of the company has appointed Ram Singh Poswal as Chief Executive Officer of Amtek Auto. There is no trading in Amtek due to procedural reasons.
What happened to Amtek Auto shares?
Is tomorrow a holiday for BSE?
Bombay Stock Exchange or BSE operates from Monday to Friday and is usually closed on Saturday and Sunday.
What does extinguishment of shares mean?
Basically, when shares are bought back by the promoters they are extinguished (destroyed). These shares can be re-issued but after a period of time (normally 3 yrs).
What happened to Amtek Auto shareholders?
Is BSE open now?
Trading session The pre-open session shall be for duration of 15 minutes i.e. from 9:00 am to 9:15 am. The pre-open session is comprised of Order Entry period and Order Matching period. Pre-open session shall comprise of two sessions viz.
Is BSC closed today?