India Digest: US hedge fund to buy Amtek Auto; BrowserStack snaps up Percy

India Digest: US hedge fund to buy Amtek Auto; BrowserStack snaps up Percy

Auto parts maker Amtek Auto counts most of India’s top auto component makers as clients. Photo: Bloomberg

Deccan Value Investors, a US-headquartered hedge fund, has received the court approval to acquire auto component maker Amtek Auto that ran into bankruptcy around three years ago. In a separate development, San Francisco- and Mumbai-headquartered web and mobile application testing platform BrowserStack has acquired Percy, a five-year-old visual testing and review platform in the US.