Amtek Auto has been planning to raise Rs 117.5 crore throgu issue of equity shares to promoters on a preferential basis.

It has said in a BSE filing that the company plans to issue maximum of 2.35 crore equity share at a price of Rs 50 per share including premium of Rs 48 aggregating to Rs 117.5.

It added that the company has called an EGM on March 25, 2017, for getting the approval from its shareholders for the proposal.

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