Amtek Auto unit secures euro 235 mn loan from KKR
Source: IRIS | 11 Nov, 2014, 10.56AM
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Amtek Global Technologies, a unit of Amtek Auto 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 gained Rs 23.35, or 14.22%, to trade at Rs 187.50. The total volume of shares traded was 617,782 at the BSE (10.41 a.m., Tuesday).
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