MMTC pulls out of SEZ plan with Maytas

Government-run trading firm MMTC today decided to withdraw from equity participation in a firm to be promoted by B Ramalinga Raju-linked Maytas group for setting up a multi-services Special Economic Zone.

The decision to withdraw from participating in the special purpose vehicle (SPV), being promoted by the Matyas Group, was taken by the MMTC board here.