The infrastructure company is involved in projects worth Rs 50,000 crore, of which a majority are joint ventures with the state. The B Ramalinga Raju family has a 36 per cent stake in the public limited company.
To view at the highest level, govt is taking drastic steps like terminating contracts with Maytas Infra. This might affect ongoing projects on which the govt had spent crores of rupees. Therefore other majority stake holders could be used to explore the possibility of replacing the existing Maytas Infra board, sources said.
OneIndia News (With inputs from Agencies)