Satyam linked Maytas in talks to restructure debt
Updated on May 06, 2009 09:10 pm IST
Cash-strapped Indian builder Maytas Infra Ltd is negotiating with its 17 lenders, including State Bank of India (SBI). The board was expected to pursue 5 billion rupees in receivables from customers as part of a mandate to revive the company that has seen orders being cancelled and customers worrying over the company's credibility.
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