Maytas shares up by 20 percent
Bangalore:Maytas Infra Limited stock was among top gainers after price went up by nearly 20 percent.After opening the day at 
196.95, the stock touched its 52 week high of RS.253.40, before closing the trade at 195.15, with gain of 19.85 percent.Through the day,956661 shares of Maytas Infra Limited were traded in the market.
Maytas Infra Limited (Maytas) is an India-based company.The Company Law Board (CLB) has allowed IL&FS-owned Maytas Infra to induct on its board four nominees of Saudi Arabia-based Saudi Bin Ladin Group (SBG). The approval came after SBG assured CLB in an affidavit on November 1, that the control of management of Maytas Infra, would remain with IL&FS. CLB chairman Dilip Raosaheb Deshmukh allowed the plea of Maytas Infra to induct four nominees of SBG on its board of directors. As per the takeover rules, IL&FS, which took over Maytas Infra last year, had to seek CLB approval before making any changes in management control before October, 2011.
Maytas is engaged in the construction and infrastructure development. During the fiscal year ended March 31, 2010 (fiscal 2010), the Company secured Pune-Solapur, DLF Metro projects.ring fiscal 2010, Maytas?s completed projects included two substations in Andhra Pradesh, which is of 132 kilovolt (NCL factory) and 220 kilovolt (Transmission Corporation of Andhra Pradesh Limited); Chattisgarh Package No.1- Rehabilitation, and upgrading of Rajnandgaon from kilometer zero to Mohla kilometer 72.4 sections.
196.95, the stock touched its 52 week high of RS.253.40, before closing the trade at 195.15, with gain of 19.85 percent.Through the day,956661 shares of Maytas Infra Limited were traded in the market.
Maytas Infra Limited (Maytas) is an India-based company.The Company Law Board (CLB) has allowed IL&FS-owned Maytas Infra to induct on its board four nominees of Saudi Arabia-based Saudi Bin Ladin Group (SBG). The approval came after SBG assured CLB in an affidavit on November 1, that the control of management of Maytas Infra, would remain with IL&FS. CLB chairman Dilip Raosaheb Deshmukh allowed the plea of Maytas Infra to induct four nominees of SBG on its board of directors. As per the takeover rules, IL&FS, which took over Maytas Infra last year, had to seek CLB approval before making any changes in management control before October, 2011.
Maytas is engaged in the construction and infrastructure development. During the fiscal year ended March 31, 2010 (fiscal 2010), the Company secured Pune-Solapur, DLF Metro projects.ring fiscal 2010, Maytas?s completed projects included two substations in Andhra Pradesh, which is of 132 kilovolt (NCL factory) and 220 kilovolt (Transmission Corporation of Andhra Pradesh Limited); Chattisgarh Package No.1- Rehabilitation, and upgrading of Rajnandgaon from kilometer zero to Mohla kilometer 72.4 sections.