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Mahindra Lifespace advances on entering into partnership with IFC

19 Sep 2017

Mahindra Lifespace Developers is currently trading at Rs. 523.00, up by 16.15 points or 3.19% from its previous closing of Rs. 506.85 on the BSE.

The scrip opened at Rs. 514.00 and has touched a high and low of Rs. 527.85 and Rs. 495.90 respectively. So far 34,085 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 527.85 on 19-Sep-2017 and a 52 week low of Rs. 319.43 on 16-Feb-2017.

Last one week high and low of the scrip stood at Rs. 527.85 and Rs. 439.00 respectively. The current market cap of the company is Rs. 2,684.00 crore.

The promoters holding in the company stood at 51.57%, while Institutions and Non-Institutions held 26.44% and 21.99% respectively.

Mahindra Lifespace Developers (MLDL) has entered into partnership with International Finance Corporation (IFC), a member of the World Bank Group, for the development of multiple industrial parks across Gujarat, Rajasthan and Maharashtra. The partnership envisages investment across Mahindra Lifespaces’ existing and upcoming industrial park projects, with its first investment in an approximately 350-acre industrial park near Ahmedabad. IFC has made investment commitment of $50 million.

Mahindra Lifespace Developers is a leader and pioneer in sustainable urban development, through the creation of residential and integrated large format developments across multiple city-clusters - Mumbai Metropolitan Region (Mumbai, Thane, Palghar, Alibaug and Boisar), Pune, Nagpur, Ahmedabad, Nashik, the National Capital Region (New Delhi, Gurgaon and Faridabad), Jaipur, Hyderabad, Bengaluru and Chennai.


Related Mahindra Lifespace Developers Ltd. Links:

Mahindra Life. Dev Share Price

612.80 -22.40 (-3.53%) Jun 17, 18:01
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Prestige EstatesProj 280.95
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Sensex vs Mahindra Life. Dev
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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