Amtek Auto Surges 54% on Plans to Raise $1 Billion Paring Assets

  • Senior Managing Director Flintham says no question of default
  • Company reported temporary cash flow mismatch last month

Shares of Amtek Auto Ltd., an Indian auto-parts producer that reported a “temporary cash flow mismatch” last month, jumped the most on record after an executive said the company could raise as much as $1 billion over 15 months by paring overseas assets and cutting holdings in units abroad.

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