Banks have agreed to write off Rs 200 crore of Maytas Infra’s outstanding debt as a one-time settlement and convert Rs 225 crore of debt into preference shares and Rs
The corporate affairs ministry is planning to give a free hand to Infrastructure
IL&FS, which took over the reins of Maytas Infra from the Raju family on Monday,
Govt allowed Maytas to surrender its biotech SEZ & approved three new proposals.
The government is investigating whether Satyam and Maytas siphoned off funds.
Maytas Group along with its other group companies owe Rs 541 crore in income-ta
The company has initiated talks with developers who will bring in the required
Satyam founder Ramalinga Raju is continuing to haunt Maytas.
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