Rajus pledged entire stake to lenders, says Maytas Infra

Rajus pledged entire stake to lenders, says Maytas Infra
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First Published: Mon, Feb 09 2009. 01 25 PM IST
Updated: Mon, Feb 09 2009. 01 25 PM IST
By PTI
Mumbai: Maytas Infra today said three of its promoters, including Ramalinga Raju and Rama Raju, have pledged their entire holding of 15.14% in the company to lenders.
Ramalinga Raju, the former chairman of fraud-hit Satyam Computer, has pledged his entire holding of 48.54 lakh shares representing 8.25% of the paid up capital of the company, Maytas Infra said in a disclosure to the BSE.
B Rama Raju (junior) has pledged his holding of 14.85 lakh shares or 2.52% stake in the Hyderabad-based firm.
Further, B Nandini Raju, another promoter of the company has pledged 25.73 lakh equity shares or 4.37% holding in the troubled infrastructure firm, the disclosure added.
As of the quarter ended 31 December, 2008, seven promoters held a combined 36.64% stake in Maytas Infra.
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First Published: Mon, Feb 09 2009. 01 25 PM IST