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Gammon India denies report on Maytas acquisition

The report was earlier stated that the logicGammon India denies report on Maytas acquisition of the takeover bid is that Maytas-a virtual damsel in distress now-has lots of projects, both inside and outside the state.

Gammon India has clarified that company is not in process to acquire Maytas Infra, the infrastructure company promoted by the erstwhile Satyam family.

Earlier, the report stated that company was keen for acquiring Maytas Infra. The logic of the takeover bid was that Maytas-a virtual damsel in distress has lots of projects, both inside and outside the state. (India Infoline)

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