Deccan Value pays Rs 500 crore to close in on Amtek Auto buy
US hedge fund Deccan Value Investors (DVIL) has transferred ₹500 crore, the amount of cash required to complete the acquisition of bankrupt auto parts maker Amtek Auto. Banks will now move to complete documents and seek regulatory approvals to conclude the resolution that has been hanging for nearly four-and-a-half years.
via Economictimes
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