Inject equity before additional funds, lenders tell Amtek
Lenders of Amtek Auto have agreed to give additional funds to the troubled auto component-maker but have asked the promoters to bring in some equity first.
Sep 27, 2015, 15:20 PM IST
Amtek hasn't approached us for new loans yet: Lenders
Even as cash-crunch hit Amtek Auto informed exchanges that it's in advanced talks with banks for fresh funds to repay its Rs 800 crore debt, lenders Tuesday denied any such discussions and said they've serious reservation about further lending to the auto component maker.
Sep 22, 2015, 23:01 PM IST