Monday, February 9, 2009

Maytas` promoters pledge entire stake with lenders

Maytas Infra`s three promoters, including Ramalinga Raju and Rama Raju today have pledged their entire holding of 15.14% in the company, to lenders.

Ramalinga Raju has pledged his entire holding, representing 8.25% of the paid up capital of the company.

B Rama Raju has pledged his 2.52% stake in the Hyderabad-based firm.

Further, B Nandini Raju, another promoter of the company, has pledged his 4.37% holding in the troubled infrastructure firm.

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