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8 ArticlesAmtekAuto

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The Bankrupt Companies in NCLT May Revive, But You Still Lose: Monnet Ispat Edition

There’s a steel company called Monnet Ispat which has a 1.5 million ton steel capacity. It owes banks Rs. 10,200 crore rupees. That’s nearly as ...

Mar 05, 2018

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Macronomics: Indian Corporate Debt market no longer attractive to Foreign Portfolio Investors (FPIs)

Today we look at a strange situation in corporate debt investments by Foreign Portfolio Investors (FPIs). While they continue to increase their investments in ...

Jun 15, 2016

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Good News for JP Morgan Debt MF Holders, They Have Sold The Amtek Auto Debt at a Haircut

Why should mutual fund holders care that a vulture fund has bought the bonds of a beleagured auto company at a discount? The answer: because their mutual fund ...

Dec 07, 2015

JP Morgan Might Offload Amtek Auto's Troubled Bonds to a Vulture Fund at a Haircut

Amtek Auto’s bonds have been held by JP Morgan AMC, now in a segregated fund. The 200 crore worth bonds are it seems, in some kind of a deal with ...

Nov 26, 2015

Amtek Auto Defaults on 800 cr. bonds. A View On The Tricky Recovery Process.

And the expected has happened: Amtek Auto has defaulted on its 800 cr. of bonds that were due on Sunday. They had till end of day yesterday to pay up, ...

Sep 22, 2015

JP Morgan AMC Isolates Amtek Bonds Into A Side Pocket, Will Allow Redemptions of the Rest

JP Morgan, which has been in the news because if refuses to let people exit short term funds (currently has a gate of 1% per day), has now offered a ...

Sep 15, 2015

Amtek Auto Management Clarifies, Stock Moves Up, But Drama Still Ahead

The Senior MD at Amtek Auto, John Flintham, was on ET Now for a clarification of what the situation was:   So what he’s saying is: Amtek is speaking ...

Sep 14, 2015

Amtek Auto Down Another 36% on Thursday as FIIs Dump Stock

This Amtek Auto story continues to worsen. First, it fell 60% when it was removed from futures and options, and earlier, downgraded. And then, two JP Morgan ...

Sep 04, 2015

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