Amtek Auto fails to meet bond redemption deadline
Amtek was supposed to repay `800 crore to its bondholders as bonds it had issued in 2010 matured on Sunday
Mumbai: Amtek Auto Ltd on Monday failed to repay its institutional holders nearly ₹ 800 crore in bonds that were due for redemption on 20 September, said three people familiar with the matter, suggesting that the company may have defaulted on its scheduled payments.
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