Maytas Infra may sell 20 pct stake
Maytas Infrastructure has proposed issuing and alloting preferential shares to construction conglomerate SBG Projects Investments Ltd, a Saudi BinLaden Group arm, local newspapers reported.
By Agencies |
MUMBAI: India's Maytas Infrastructure has proposed issuing and alloting preferential shares to construction conglomerate SBG Projects Investments Ltd, a Saudi BinLaden Group arm, local newspapers reported.
Maytas saw change in control when IL&FS Group acquired a stake.
While IL&FS Group holds about 37 percent in the firm as on March 31, the new investor could buy 15.46 million shares, or 20 percent of equity, the Financial Express newspaper said.
Maytas did not disclose the price at which it would sell the stake, the newspapers said.
Maytas saw change in control when IL&FS Group acquired a stake.
While IL&FS Group holds about 37 percent in the firm as on March 31, the new investor could buy 15.46 million shares, or 20 percent of equity, the Financial Express newspaper said.
Maytas did not disclose the price at which it would sell the stake, the newspapers said.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
