The Hindu Business Line : Raju family pledged 15.14% shares held in Maytas Infra

Hyderabad, Feb. 6 Mr B. Ramalinga Raju, former Chairman of Satyam Computer and Maytas firms, his wife Ms Nandini Raju and second son Mr Rama Raju Jr., have pledged about 89.12 lakh shares with financial institutions, working to about 15.14 per cent stake in Maytas Infra.

In a latest filing to the stock exchanges, the Company Secretary of Maytas Infra, Mr J. Veerraju, informed that 48.54 lakh shares (about 8.25 per cent stake in Maytas Infra) of Mr Ramalinga Raju, 25.73 lakh shares (4.37 per cent) of Ms Nandini Raju and 14.85 lakh shares (2.52 per cent) of Mr Rama Raju Jr., have been pledged with financial institutions. The date of pledging and the institutions concerned have not been revealed. These shares come under the category of promoters, who held 36 per cent of the company according to filings made to the stock exchanges as on December 31.

On December 21, IFCI and Sicom had intimated the stock exchanges that they had invoked the power to own the shares pledged with them due to margin calls.

While IFCI acquired 17.42 per cent, Sicom’s holding, according to its intimation to the stock exchanges, is about 6.97 per cent.

The company shares closed lower at Rs 57.35 as against the previous close of Rs 60.35 at the BSE on Friday.

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