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.

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