INTERVIEW-Amtek Auto scouts for cheap assets in India, Europe

Newswire

* Next 6 months to 1 year "right time" for buys * Open to using $285 mln cash reserves for buys * Unit to borrow overseas soon By Aniruddha Basu MUMBAI, Dec 21 (Reuters) - Auto parts maker Amtek Auto Ltd, India's second largest forging maker, is keen to take advantage of the economic slowdown in India and Europe by bidding for cheap assets, Chief Financial Officer Santosh Singhi said. The Amtek group has cash reserves of close to 15 billion rupees ($285 million), which Singhi said could be ...

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