Liberty House, AION, SSG Capital, Deccan Value bid for Amtek Auto

Private equity firms AION and SSG Capital, UK-based Liberty House, and Deccan Value Investors, a US-based hedge fund, are learnt to have submitted bids to acquire Amtek Auto. These bids, along with resolution plans, would have come above the reserve price of Rs 4,000 crore set for the company by the resolution professional. Thursday was the last day for making bids in the Amtek case. 
 
Details of the resolution plans submitted by these bidders would be known in the coming days, said a person familiar with the developments. Amtek Auto’s stock price hit an upper circuit of Rs 28.50