The bankruptcy court has approved Ramkrishna Forgings bid to acquire JMT Auto, a subsidiary of the Amtek Group, through the corporate insolvency resolution process. Ramkrishna Forgings will offer INR 125 crore to acquire JMT Auto, which has admitted financial liabilities of over INR 165 crore. This acquisition is seen as a positive development in the manufacturing sector and may lead to more acquisitions through the Insolvency and Bankruptcy Code (IBC).
The bankruptcy court has approved Ramkrishna Forgings bid to acquire JMT Auto, a subsidiary of the Amtek Group, through the corporate insolvency resolution process. Ramkrishna Forgings will offer ₹125 crore to acquire JMT Auto, which has admitted financial liabilities of over ₹165 crore. This acquisition is seen as a positive development in the manufacturing sector and may lead to more acquisitions through the Insolvency and Bankruptcy Code (IBC).
/PRNewswire/ The "Eye Testing Equipment Market - Global Outlook & Forecast 2022-2027" report has been added to ResearchAndMarkets.com s offering. The study.