Amtek Auto promoters to get pref shares

Amtek Auto members, at their extraordinary general meeting of the company to be held on March 24, 2005, are to authorise the board to issue and allot equity shares of the company by way of preferential offer on firm allotment basis to the promoters of the company.

According to a release issued to the BSE, the promoters would be issued 48,00,000 equity shares of Rs 2/- per share at a premium of Rs 188/- per share aggregating to Rs 91.20 crore.