Amtek directors approve issuance of up to Rs. 6 billion of debentures

By Wendy Van Sickle

Columbus, Ohio, April 23 – Amtek Auto Ltd. said its board of directors approved Thursday the issuance of redeemable non-convertible debentures up to Rs. 6 billion on a private placement basis.

The action is subject to the approvals of shareholders and of any required regulatory authority, according to a notice filed with the Bombay Stock Exchange.

Amtek Auto is a New Delhi-based auto parts maker.

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