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V. Rishi Kumar

Hyderabad, Jan. 6 The shares of Maytas Infra gained 4.30 per cent on Tuesday and closed at Rs 167.40 amid reports of Reliance Infra showing interest in the Hyderabad-based company promoted by the Satyam Computer Chairman Mr B. Ramalinga Raju’s family.

Maytas Infra, however, refuted the reports on Reliance Infra investing into the company. Responding to a query whether the company was on the lookout to bring in a strategic investor, including Reliance Infra, a company spokesperson said the reports doing the rounds “are speculative in nature and untrue”.

Reliance Infra spokesperson refrained from commenting on the issue.

After the announcement of Satyam Computer bid to acquire controlling stake in the company, the stock plummeted. It had registered a 52-week high of Rs 899 in January 2008 and a 52-week low of Rs 149.55 on December 29.

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