Last month, Amtek Auto had said it was considering selling some assets to overcome the financial crisis. "As of date, the company is considering various means to de-leverage the balance sheet, including selling of non-core business, minority stake in overseas companies and some industrial real estate assets within the business," the company had said in a BSE filing last month. In September, the promoters of the Delhi-based company had infused Rs 75 crore to mitigate the "temporary cash flow mismatch". The promoters also said that they will infuse more funds in future if required. The company had attributed the financial stress to the current market scenario "which caused decline in the sales and profit margins of the company". As the crisis deepened, global rating agency S&P in September cut Amtek Global's, its Singapore-based international arm's credit ratings, citing "heightened liquidity risks" at its parent Amtek Auto.