Reportedly, Maytas Infrastructure’s board related to fraud-hit Satyam Computer has bagged an offer to substitute the present founders of the company.

Maytas Infrastructure settled at 5% high on the Sensex on news that it will divest its 30% stake in the Rs.600crore Meerut-Muzaffarnagar highway assignment to 2 construction firms.

7991shares have been traded on BSE in the counter as opposed to a standard everyday volume of 2.78lakh shares in the last single quarter.

Maytas Infrastructure has lost 2 airport ventures valued at Rs.220crore, which it had received in June 2008 through a conglomerate run by it from the govt. of Karnataka.

Maytas Infrastructure is facing challenges in executing its daily operations on the back of present liquidity crisis.

Maytas Infra Ltd’s latest board has reformed its management by employing 2 presidents, Rajendra Nimje and CS Bansal. It has also sanctioned the draft CDR package.

Reportedly, Maytas Infrastructure board now has K Ramalingam, ex- chairman of Airport Authority of India as its chairman.

Maytas Infrastructure has bagged a major landmark by finishing the commissioning procedure for 110 km high force gas pipeline assignment amid Rajkot and Jamnagar in Gujarat on 25th March.

Maytas Infrastructure’s board members would meet the lenders on Thursday to talk about corporate debt reformation and measures to guarantee that several projects do not bear the brunt.

8598 shares traded on the Sensex. The stock saw a standard everyday volume of 3.08 lakh shares in the last quarter.