JMT Auto is locked in upper circuit of 5% at Rs 123 on NSE after Amtek Auto has made an open offer at price of Rs 149 per share.
A combined 5,569 shares have changed hands on the counter and there are pending buy orders for 270,521 shares on NSE and BSE.
“The company has entered and executed Share Purchase Agreement with the promoters of JMT Auto for acquisition of 3.83 million shares representing 26.61% of equity capital along with complete control and management of JMT Auto,” Amtek Auto said in a BSE filing.
Amtek Auto has made an open offer to acquire up to 3.74 million equity shares constituting 26% of the fully paid up equity share capital of the JMT Auto.
JMT Auto is engaged in the business of auto parts and equipments etc.
Amtek Auto is up by around 1% at Rs 71.95 after touching high of Rs 74.90 in intra-day trades on NSE.
A combined 5,569 shares have changed hands on the counter and there are pending buy orders for 270,521 shares on NSE and BSE.
“The company has entered and executed Share Purchase Agreement with the promoters of JMT Auto for acquisition of 3.83 million shares representing 26.61% of equity capital along with complete control and management of JMT Auto,” Amtek Auto said in a BSE filing.
Amtek Auto has made an open offer to acquire up to 3.74 million equity shares constituting 26% of the fully paid up equity share capital of the JMT Auto.
JMT Auto is engaged in the business of auto parts and equipments etc.
Amtek Auto is up by around 1% at Rs 71.95 after touching high of Rs 74.90 in intra-day trades on NSE.
