Mahindra Lifespace Developers is currently trading at Rs. 439.00, up by 4.75 points or 1.09% from its previous closing of Rs. 434.25 on the BSE.
The scrip opened at Rs. 441.75 and has touched a high and low of Rs. 441.75 and Rs. 430.00 respectively. So far 1995 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 659.00 on 31-Jul-2014 and a 52 week low of Rs. 401.30 on 19-Jun-2015.
Last one week high and low of the scrip stood at Rs. 446.90 and Rs. 401.30 respectively. The current market cap of the company is Rs. 1792.97 crore.
The promoters holding in the company stood at 50.83% while Institutions and Non-Institutions held 30.17% and 18.89% respectively.
Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development arm of the $16.9 billion Mahindra Group, has launched the second phase of its affordable housing project Happinest Avadi. With unit prices starting from Rs 11 lakh onwards, Happinest is targeted at the emerging Indian middle class.
Avadi, where Happinest is located is one of the fastest growing suburbs of Chennai, with proximity to social infrastructure like public transport, education & healthcare. Spread over 13 acres, the project will be home to 1200+ families. The development consists of 1 and 2 BHK apartments with sizes ranging from 396 square feet to 677 square feet priced from Rs 11 to 21 lakh onwards.
MLDL 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.
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