Rajus pledged entire stake to lenders: Maytas Infra | business | Hindustan Times
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Rajus pledged entire stake to lenders: Maytas Infra

business Updated: Feb 09, 2009 13:58 IST

Maytas Infra on Monday said three of its promoters, including Ramalinga Raju and Rama Raju, have pledged their entire holding of 15.14 per cent 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 per cent of the paid up capital of the company, Maytas Infra said in a disclosure to the Bombay Stock Exchange.

B Rama Raju (Jr) has pledged his holding of 14.85 lakh shares or 2.52 per cent 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 per cent holding in the troubled infrastructure firm, the disclosure added.

As of the quarter ended December 31, 2008, seven promoters held a combined 36.64 per cent stake in Maytas Infra.

Other promoters of the firm include -- B Teja Raju (Ramalinga Raju's son) who holds 2.53 per cent stake, SNR Investments Pvt Ltd with 8.92 per cent, Veeyes Investments (8.92 per cent) and B Ramalinga Raju HUF (1.13 per cent).