Mahindra Lifespace Rights will elevate Rs 1500 crore from the problem, funds shall be used for loss and progress – INA NEWS

Mahindra Lifespace Share: Actual property firm Mahindra Lifesspace Builders is planning to lift Rs 1500 crore by means of rights difficulty. The corporate’s board has authorized this proposal to lift funds by issuing shares to eligible shareholders. In keeping with regulatory submitting on 13 February, this quantity shall be used for lowering the present debt of the corporate and for future growth plans.

Mahindra Lifespace’s quarterly outcomes

Mahindra Lifespace, Mahindra Group has actual property and infrastructure growth enterprise. Just lately, the corporate recorded a consolidated web lack of Rs 22.47 crore within the quarter ended December 2024. It earned a web revenue of Rs 50.02 crore within the interval of a 12 months in the past.

Whole earnings elevated to Rs 185.77 crore within the third quarter of this monetary 12 months, which was Rs 88.77 crore in the identical interval final 12 months. The entire expenditure elevated from Rs 125.12 crore to Rs 200.88 crore in a 12 months in the past.

Mahindra Lifespace’s Enterprise

The event sector of Mahindra Lifespace extends to seven Indian cities to 39.44 million sq. toes (salesable sector) and unfold to the upcoming residential tasks. As well as, the corporate’s built-in growth and industrial clusters have greater than 5,000 acres of and upcoming tasks at 4 locations.

The shares of Mahindra Lifespace Builders noticed an increase of 0.06 per cent on Friday and this inventory has closed at Rs 359.40 on BSE. The corporate’s market cap is Rs 5573.85 crore.

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