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Monday August 31, 01:50 PM
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Maytas Infra gets proposal to replace promoters
MUMBAI (Reuters) - The board of Maytas Infra Ltd, linked to scam-hit outsourcer Satyam (SATYAM.BO : 90.55 -2.2
) Computer, has received a proposal to replace the existing founders of the company, it said on Monday.
Maytas Infra has referred the proposal to the Company Law Board, it said in a statement to stock exchanges.
IL&FS is likely to be the new promoter of the Hyderabad-based infrastructure company, Salman Khurshid, Minister of State for Minority & Corporate Affairs said.
(For more news on Reuters Money click http://in.reuters.com/money)