Mahindra Lifespace Developers is currently trading at Rs. 428.70, up by 3.05 points or 0.72% from its previous closing of Rs. 425.65 on the BSE.
The scrip opened at Rs. 422.20 and has touched a high and low of Rs. 438.50 and Rs. 422.20 respectively. So far 2460 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 517.90 on 05-Nov-2015 and a 52 week low of Rs. 415.30 on 31-Mar-2016.
Last one week high and low of the scrip stood at Rs. 465.80 and Rs. 421.05 respectively. The current market cap of the company is Rs. 1760.43 crore.
The promoters holding in the company stood at 50.80%, while Institutions and Non-Institutions held 26.58% and 22.51% respectively.
Mahindra Lifespace Developers has decided to raise Rs 300 crore through a rights issue. The company's board of directors at their meeting held on October 27, 2016 has approved to raise funds by way of issue of equity shares to the existing shareholders of the company on a rights basis (Rights Issue) up to Rs 300 crore, subject to all applicable statutory and regulatory approvals.
Mahindra Lifespace Developers is a real estate development company. It offers residential and integrated large format construction in Mumbai, Pune, Delhi and NCR, Nagpur, Hyderabad, Chennai and Bengaluru. Its projects include mass housing and township, multi-storied buildings and villas. It also supports sustainable urbanization through green architecture.