In 2004, Alps Industries Limited, a listed company based in National Capital Region – Delhi, was planning its expansion in cotton spinning and had zeroed down on Jammu as its location preference. Amtrak made a comprehensive comparison to suggest location of new spinning mill at Integrated Industrial Estate – Haridwar. The client studied the compelling evidence and data compiled by us and changed its decision in favour of Haridwar.

Later in 2007, Alps proposed to expand into automotive fabrics range. Amtrak was the Lead Advisor for the Company entering into a technical collaboration with a leading Japanese automotive fabric maker and the agreement was successfully concluded in January 2008.

In 2008-09, Amtrak was retained as Lead Advisor and Negotiator for joint venture with a European company for specialized fabrics manufacture.

Him Forgings Limited, an automotive components forging unit at Himachal Pradesh, wanted to implement an aggressive expansion plan and raise equity funds for the same. After taking into account various factors involved, we advised the company not to dilute the promoter holding in the parent company and instead, raise the equity in the subsidiary company Him Teknoforge Limited. The client saw merit in our advice and implemented the project as advised. We also syndicated a term loan of Rs. 48 million for the project from Industrial Development Bank of India (IDBI), a major financial institution.

MGM Metallisers Limited, Daman, Maharashtra, a polyester film metallising unit proposed to merge with another group company. After a detailed study of the emerging industrial scenario and keeping in view the cross holdings of the promoters, we advised them to sell the company. We assisted the client in negotiating with a buyer and complying with all legal formalities to carry out the sale and successfully close the transaction.