Maytas Infra promoters pledge entire stake

Maytas Infra`s three promoters, including Ramalinga Raju and Rama Raju today have pledged their entire holding of 15.14% in the company, to lenders.

Ramalinga Raju has pledged his entire holding, representing 8.25% of the paid up capital of the company.

B Rama Raju has pledged his 2.52% stake in the Hyderabad-based firm.

Further, B Nandini Raju, another promoter of the company, has pledged his 4.37% holding in the troubled infrastructure firm.

Shares of the company declined Rs 2.85, or 4.97%, to settle at Rs 54.50. The total volume of shares traded was 35,282 at the BSE (Monday).