MoneyWorks4Me

FID Funds Mauritius sells stake in Mahindra Lifespace Developers

25 Jun 2015 Evaluate

FID Funds Mauritius has sold 1.09% stake in Mahindra Lifespace Developers for Rs 18.28 crore. It sold 0.45 million shares at a price of Rs 410.01 a share on the National Stock Echange (NSE).

The company is the real estate and infrastructure development subsidiary of Mahindra & Mahindra (M&M). At present, M&M holds 51% of the equity share capital of MLDL. MLDL has two main lines of businesses - standalone real estate development and development of integrated business cities.

 

Peers
Company Name CMP
Lodha Developers 1129.20
Prestige EstatesProj 1445.00
Dilip Buildcon 397.80
DLF 659.50
Oberoi Realty 1735.00
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