Maytas Infra, the company once promoted by kin of disgraced Satyam founder B Ramalinga Raju, will now be known as IL&FS Engineering and Construction Company Ltd, after the name of
Infrastructure company Maytas Infra today posted a loss of Rs 43. 46 crore for the April-June quarter this year
Infrastructure Leasing & Financial Services (IL&FS)-promoted Maytas Infra’s shareholding pattern would change once Saudi BinLadin Group (SBG) is inducted as a strategic investor, the company said.
Maytas Infra, the company once promoted by a kin of disgraced Satyam Computer founder B Ramalinga Raju, today reported a net loss of Rs 528.79 crore for the quarter ended September 2009.
SBG Projects, a subsidiary of Saudi Binladin Group (SB-G), has priced its open offer for buying an additional 20 per cent stake in Maytas Infra at Rs 195.72 a share.
Maytas Infra today soared 20 per cent to hit an year-high on BSE in morning trade, after a unit of Saudi Arabia-based Saudi Binladin Group agreed to buy 20 per
It would take a year for Maytas Infra's operations to stabilize.
New promoters hold 37.1%, to name 4 directors
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