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Jmt Auto: NCLT okays Ramkrishna Forgings bid to acquire Amtek Group arm, ET Auto

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).

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NCLT okays Ramkrishna Forgings bid to acquire Amtek Group arm

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).

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Ramkrishna Forgings scales 52-week high on NCLT verbal nod to buy JMT Auto

The metal forgings maker is set to acquire JMT Auto, an auto components manufacturer, after it receives a written order from the principal bench of NCLT

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JMT Auto reports consolidated net loss of Rs 17 98 crore in the December 2020 quarter

JMT Auto reports consolidated net loss of Rs 17 98 crore in the December 2020 quarter
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JMT Auto reports standalone net loss of Rs 14 23 crore in the December 2020 quarter

JMT Auto reports standalone net loss of Rs 14 23 crore in the December 2020 quarter
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

Particularsquarter endeddecNet lossVar salesCapital marketJmt autoநிகர இழப்புவார் விற்பனைமூலதனம் சந்தைஜும்ட் ஆட்டோ

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