Maytas Infra Ltd. Friday said its government-appointed board is optimistic about the company's future.
The board, which met Friday, is working to appoint a chief executive, Maytas said in a statement.
Maytas Infra is one of two companies that were controlled by the family of the founders of Satyam Computer Services Ltd. (500376.BY), which is being probed for financial irregularities.
K. Ramalingam, a former chairman of the state-run Airports Authority of India, is the chairman of the Maytas board.
Other board members include Anil. K. Agarwal, former president of industry lobby group Associated Chambers of Commerce and Industry; O.P. Vaish, a corporate lawyer; and Ved Jain, former president of the Institute of Chartered Accountants of India, or ICAI.
The board also held discussions with the Maytas' bankers and IL&FS Financial Services Ltd. Chairman Ravi Parthasarathy, the statement added.
IL&FS last month raised its stake in Maytas Infra to 14.5% stake.
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