Mahindra Lifespace Developers is currently trading at Rs. 373.90, up by 13.05 points or 3.62% from its previous closing of Rs. 360.85 on the BSE.
The scrip opened at Rs. 364.00 and has touched a high and low of Rs. 373.90 and Rs. 361.00 respectively. So far 41244 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 495.85 on 26-Apr-2016 and a 52 week low of Rs. 342.00 on 16-Feb-2017.
Last one week high and low of the scrip stood at Rs. 375.00 and Rs. 344.15 respectively. The current market cap of the company is Rs. 1505.43 crore.
The promoters holding in the company stood at 50.85%, while Institutions and Non-Institutions held 26.64% and 22.51% respectively.
Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has received SEBI’s approval to raise up to Rs 300 crore through a rights issue. Proceeds from the issue will be primarily used for redemption of non-convertible debentures. The company had filed draft papers with SEBI in January to raise funds through a rights issue and the regulator had issued its ‘observation’ on March 2, which is necessary for any firm to launch public offer.
Mahindra Lifespace Developers is a leader and pioneer in sustainable urban development, through the creation of residential and integrated large format developments across multiple city-clusters - Mumbai Metropolitan Region (Mumbai, Thane, Palghar, Alibaug and Boisar), Pune, Nagpur, Ahmedabad, Nashik, the National Capital Region (New Delhi, Gurgaon and Faridabad), Jaipur, Hyderabad, Bengaluru and Chennai.