Amtek Auto, one of the largest integrated component manufacturers in India, witnessed a sharp rise in share price on Tuesday after Amtek Global Technologies has secured a long-term loan of 235 million euro (over Rs 18 billion) from global investment firm Kohlberg Kravis Roberts (KKR), to replace its existing short- term loan. As part of the definitive agreement KKR will provide Amtek Global Technologies (AGT) 235 million euro of long-term, flexible financing to replace its existing bridge loan and consolidate all of the company's existing debt.

Shares of the company are trading at Rs 187.50, up Rs 23.35, or 14.22% at the Bombay Stock Exchange (BSE) on Tuesday at 10:41 a.m.

The scrip has touched an intra-day high of Rs 189.75 and low of Rs 174. The total volume of shares traded at the BSE is 617,782.