Amtek unit bondholders look to move UK courts6 min read 24 Aug 2015, 06:50 AM IST
Castex's bondholders say firm's stock price was pushed up to force a conversion of FCCBs into equity shares
Mumbai: Troubles are building up at Amtek Auto Ltd, with bondholders of its subsidiary Castex Technologies Ltd looking to approach UK courts alleging manipulation of the company’s stock price. The bondholders say the stock price was pushed up to force a conversion of foreign currency convertible bonds (FCCBs) into equity shares.
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