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Mahindra Lifespace completes rights issue, allots equity shares

June 27, 2025 at 09:34 AM UTCBy FilingReader AI

Mahindra Lifespace Developers Limited (BSE: 532313) announced the successful completion of its rights issue following a Rights Issue Committee meeting held on June 18, 2025. The company has approved the allotment of 581,531,56 fully paid-up equity shares to eligible shareholders and renouncees at a price of INR257 per share. Following the allotment, Mahindra Lifespace's paid-up equity share capital increased from 1,551,025,470 shares (INR1,551,025,470) to 2,132,557,030 shares (INR2,132,557,030). The percentage of shareholding of Mahindra & Mahindra Limited, the Promoter and Holding Company of Mahindra Lifespace, stands increased from 51.14% to 52.43%.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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