Amtek Auto sees up to $18 mln potential loss

Newswire

MUMBAI, March 28 (Reuters) - Amtek Auto Ltd said on Friday it expected a potential loss of up to $18 million over the next two years due to volatility in global currency prices. The founders have, however, undertaken to bring the matching amount to meet the obligation through 10-year debentures or preference shares, it said in a statement. Shares in the company ended 3.56 percent up at 260.40 rupees in a firm Mumbai market. (Reporting by Kaustav Roy; Editing by Sunil Nair)

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