Saudi Binladin Group Invests In Maytas Infra Limited
The Board of Directors of Maytas Infra Limited at its meeting held on July 30, 2010 has allotted 1,54,59,133 equity shares of Rs. 10 each to the Saudi Binladin Group for an aggregate consideration of Rs. 301.92 crores. The foregoing investment of the Saudi Binladin Group would translate to a 20 per cent holding in the equity share capital of the Company.
The capital infusion would help Maytas Infra Limited in achieving its business objectives and spreading its geographical presence.