Liberty House, part of Sanjeev Guptas global industrial group GFG Alliance, said it has emerged as the successful highest bidder for Amtek Auto Pvt Ltd., paving the way for the formers entry into the Indian market.
Liberty House…is set to make a dramatic entry into India after being chosen as preferred H1 bidder for Amtek Auto assets which include 35 automotive component plants across India, Japan, Thailand and Spain, employing some 6,000 people, the company said.
The announcement was made at the Committee of Creditors meeting held yesterday and confirmed by the insolvency resolution professional today. This follows the corporate insolvency resolution process of Amtek Auto which began on July 24, 2017.
We are very excited about this…
Read the full article at: https://www.bloombergquint.com/insolvency/2018/03/07/liberty-house-highest-bidder-for-amtek-auto
