@maytas infra
CLB Clears IL&FS Takeover of Maytas Infra
by CXOtoday Staff    Sep 01, 2009
Category : News & Analysis
The Company Law Board (CLB) has approved IL&FS as the company's new promoter. IL&FS, which wrested control of the infrastructure company yesterday from Raju family, will make an open offer as per SEBI guidelines. It will bring in...
IL&FS Takes Control of Maytas Infra
by CXOtoday Staff    Aug 31, 2009
Category : News & Analysis
IL&FS, the largest stakeholder in Maytas Infra, has taken management control of the infrastructure company that was embroiled in the Satyam scam. Minister of Corporate Affairs Salman Khursheed told the Press that IL&FS will be the...
Maytas Infra CEO Resigns
by CXOtoday Staff    Jan 19, 2009
Category : News & Analysis
Technology : Infrastructure
In a communiqu to the BSE, Maytas Infra has informed that P.K Madhav, director and CEO of the company has tendered his resignation. The company has informed that the decision was taken due to 'personal reasons.' Earlier this month, R C...
Maytas Infra Director and Chairman Sinha Resigns
by CXOtoday Staff    Jan 09, 2009
Category : News & Analysis
Technology : Infrastructure
R C Sinha, chairman and non-executive director of Maytas Infrastructure has resigned on Jan 6, said the company in a statement. Sinha, reportedly a close friend of Raju, resigned citing personal reasons, but it is a clear case to cover up...
Satyam Board to Meet on Jan. 10
by CXOtoday Staff    Dec 29, 2008
Category : News & Analysis
B. Ramalinga Raju, chairman and founder of Satyam said that the board will require more time to properly address queries raised by the stakeholder over the events that have unfolded over the last two weeks. It may be recalled that Satyam had...
Upaid Confirms Motion in Collin County
by CXOtoday Staff    Dec 22, 2008
Category : News & Analysis
Technology : Infrastructure
Further to the announcement last Friday, Upaid, the online and mobile payment services company confirmed that it has filed the motion in Collin County, Texas district court requesting depositions from top Satyam executives. The firm is...
Upaid to Sue Satyam in Texas
by UTVi Desk    Dec 19, 2008
Category : News & Analysis
It seems that the Satyam-Maytas saga is far from over. US-based Upaid Systems is filing a motion in a Texas district court today, and requesting depositions by the Satyam chairman, CFO, and head of corporate governance in relation to the...
Satyam Acquires Maytas Properties
by CXOtoday Staff    Dec 16, 2008
Category : News & Analysis
The board of directors of Satyam Computer Services has approved proposals to acquire 100% stake in Maytas Properties and 51% In Maytas Infra. Maytas Infra, a 23-year old company, is engaged in the business of infrastructure construction and...