Friday, March 20, 2009

Maytas may exit projects

20 Mar 2009 ET Bureau

HYDERABAD: Maytas Infra is set to fully divest its stakes in some projects that it will not be able to execute.


The company will appoint investment advisors to value the projects that Maytas wants to exit, said officials familiar with the development.

The company has an order book of around Rs 20,000 crore and is a partner in several consortia, including the Hyderabad Metro Rail.

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