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.