New Delhi-based ChrysCapital, a private equity (PE) fund has acquired around 7% equity stake in Amtek Auto for Rs 229 crore through open market purchases in the past three months.

The PE investor has bought over 93 lakh shares through six bulk deals transacted at different prices on the BSE and NSE.

The stake has been acquired in the form of P-Notes by a Mauritius based entity of ChrysCap. The firm manages $2.25 billion across five funds and aspires to build the leading investment firm focused on India.

Amtek Auto manufactures automotive components and assemblies at its production facilities spread across North America, Europe and Asia. The company has facilities to manufacture sub-assemblies, iron, gravity and aluminium castings, forging, complex machining and ring gears flywheel assembly. It has a market capitalisation of Rs 3,300 crore.

Amtek shares touched a high of Rs 235 on the BSE after the news. It ended the day at Rs 227, up Rs 10 or 5% over the previous close.