After hitting the Down Circuit Maytas Infra started hitting up circuit in past few days. Something was expected and here comes the news. In a press conference, Minister of Corporate Affairs Salman Khursheed said IL&FS ( Infrastructure Leasing & Financial Services Limited ), currently the largest stakeholder in Maytas Infra, will be the new promoter of the infrastructure company with immediate effect.
“Two of the four government-nominated nominees will resign immediately while two will stay on for a while.”
Salman Khursheed also mentioned that there would be open offer for the investors of Maytas Infrastructure and so if you have investment in both ( IL&FS and Maytas ) its time to come out of them if you are making profits.