Maytas Infra approves CDR package

Bankers are likely to discuss next week the corporate debt restructuring package of Maytas Infra, a company promoted by the kin of former Satyam Computer Chairman B Ramalinga Raju.      

"The bankers may call for a meeting to further discuss the CDR package, which is likely to be scheduled during next week," the company said in filing to the Bombay Stock Exchange.      

In the meeting held yesterday, the consultant for the CDR package, SBO Capital Markets, made a presentation to the Hyderabad-based company, after which the board approved the CDR package.     

The board also reviewed the build-operate-transfer projects and the Hyderabad Metro Rail project and the future course of action for the company.      

The board took stock of the human capital situation of the company and the requirement in the current scenario, the statement said.      

"The board also reviewed certain employee-reward proposals and suggested necessary steps to be taken," the statement said, adding that all pending legal cases were also taken up.