Government nominates 2 on Maytas Infra board

Delhi : The government on Thursday nominated two independent directors to the board of Maytas Infra on the directions of the Company Law Board (CLB). It appointed one director on the board of Maytas Properties as well. Corporate affairs minister Prem Chand Gupta said two more directors, including the new chairman, will be appointed on the Maytas Infra board later to fill up the seven-member board. IFCI, the financial institution that holds a 17.4% stake in the company, has asked for a seat on the board, but the government is yet to decide on that.