Amtek India jumps after acquisition of Kuepper Group - The New Indian Express

Amtek India jumps after acquisition of Kuepper Group

Published: 18th March 2014 12:19 PM

Last Updated: 18th March 2014 12:19 PM

Amtek India, part of the auto parts maker Amtek Group, jumped on Tuesday after the company successfully completed the transaction and acquired the Germany based Kuepper Group through its 100% step down subsidiary Amtek Kuepper GmBH.

Kuepper Group is engaged in the business of iron, aluminium casting and integrated machining having 5 manufacturing facilities across Germany and Hungary.Shares ofthe companyare trading at Rs 74.80, up Rs 10.2, or 15.79% at the Bombay Stock Exchange (BSE) on Tuesday at 11:25 a.m.The scrip has touched an intra-day high of Rs 74.80 and low of Rs 66.85. The total volume of shares traded at the BSE is 220,764.In the earlier session, the shares rose 1.65%, or Rs 1.05, at Rs 64.60. Currently, the stock is trading down 29.83% from its 52-week high of Rs 106.60 and above 52.65% over the 52-week low of Rs 49.

comments powered by Disqus

Disclaimer: We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the NIE editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

Read More

follow us Mobile Site iPad News Hunt Android RSS Tumblr Linekin Pinterest Youtube Google Plus Twitter Facebook