Maytas

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  Ramalinga Raju: From Brushing Shoulders with Bill Clinton to Prison Cell

  B Ramalinga Raju, the former chairman of Satyam Computer Services (SCSL) who had had the privilege of meeting former US President Bill Clinton, will now have to share a prison cell as a convict in India's biggest corporate fraud.

• Satyam Case: Ramalinga Raju, Others Ordered to Pay Rs 1849 Crore

  The money needs to be deposited with Sebi within 45 days, while interest would be levied at 12 per cent per annum with effect from January 7, 2009 -- the day this mega-scam came to the light through a letter written by Mr Raju himself.

• Sebi drops charges against three entities in Maytas Infra case

  The Securities and Exchange Board of India (Sebi) has dismissed a case against three entities for their alleged involvement in the fraudulent and unfair trade practices in the shares of erstwhile Maytas Infra nearly five years ago.

• Maytas Infra settles dispute with Vedanta, withdraws plea in SC

  Maytas Infra on Wednesday informed the Supreme Court that it has settled its dispute with Vedanta Aluminum and withdrew its petition against the UK-based company. Counsels appearing for Maytas Infra, now IL&FS Engineering and Construction Company, informed a bench comprising Justice H S Bedi and Justice Chandramauli Prasad that the parties ...

• Spat over inter corporate debt between Mah Satyam and Maytas Infra

  More than 18 months after the accounting fraud at Satyam imploded, a former sister firm Maytas Infra is now asking for an amount of Rs 324 crore that it had lent to Satyam. Maytas has even asked the Ministry of Corporate Affairs (MCA) to help recover the money after both firms changed hands. The amount was discovered post examination of May...

• Maytas Infra reports net loss of Rs 55.35 crore in the December 2009 quarter

  Sales reported at Rs 198.79 croreMaytas Infra reported net loss of Rs 55.35 crore in the quarter ended December 2009. Sales reported to Rs 198.79 crore in the quarter ended December 2009.

• Maytas Infra reports net loss of Rs 249.65 crore in the year ended March 2010

  Sales decline 28.42% to Rs 955.44 croreMaytas Infra reported net loss of Rs 249.65 crore in the year ended March 2010 as against net loss of Rs 489.79 crore during the previous year ended March 2009. Sales declined 28.42% to Rs 955.44 crore in the year ended March 2010 as against Rs 1334.87 crore during the previous year ended March 2009.

• Maytas Infra reports net loss of Rs 528.80 crore in the September 2009 quarter

  Sales decline 50.56% to Rs 174.92 croreMaytas Infra reported net loss of Rs 528.80 crore in the quarter ended September 2009 as against net profit of Rs 16.85 crore during the previous quarter ended September 2008. Sales declined 50.56% to Rs 174.92 crore in the quarter ended September 2009 as against Rs 353.77 crore during the previous quarter end...

• Maytas Infra Sept quarter net loss at Rs 528.79 cr

  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. The company had a net profit of Rs 16.84 crore in the same period ended September 2008 "The company had witnessed unprecedented events and inspections...

• Maytas Infra to allot stock options

  Under ESOSThe committee of Maytas Infra in its meeting on 23 March 2010 has granted approval for allocating 12,57,154 stock options under Employee Stock Option Scheme-2009.

• Maytas Infra to increase authorised capital

  EGM on 19 July 2010 The extraordinary general meeting of Maytas Infra will be held on 19 July 2010 to increase the authorised capital of the company.

• Maytas Infra gains on buzz CDR scheme will be finalised

  Maytas Infra rose 1% to Rs 214.10 at 11:04 IST on reports the company has reached an agreement with lenders on its corporate debt restructuring scheme.Meanwhile, the BSE Sensex was down 119.13 points, or 0.67%, to 17,611.11. On BSE, 3.17 lakh shares were traded in the counter as against an average daily volume of 6.99 lakh shares in the past one qu...

• Maytas Infra to issue & allot equity shares

  On preferential allotment basis The board of Maytas Infra in its meeting on 19 June 2010 has approved to issue and allot 15,459,133 equity shares of the company, representing 20% of the post issue paid up equity share capital of the company on a preferential allotment basis to SBG Projects Investments.

• Maytas Infra selling 20% stake to Saudi firm

  Nearly one year after finding itself in a mess post the Satyam scam, things are surely turning around for Maytas Infrastructure. The company is inducting SBG Projects (a member of the Saudi Binladin Group), as a co-promoter, by offering it 20 per cent in the company. The stake sale is expected to give Maytas expertise in a part of business ...

• Maytas Infra in focus as foreign firm buys stake

  The Saudi BinLaden Group (SBG) will buy a 20% stake in Maytas Infrastructure for around Rs 300 crore. SBG will buy Maytas shares for Rs 195.30 each. The investment will be through preferential allotment of shares by Maytas. Maytas was controlled by the family of Ramalinga Raju -- ex-promoter of Satyam Computer Services who resigned after accepting ...