Mahindra Lifespace Developers is currently trading at Rs. 536.75, up by 2.10 points or 0.39% from its previous closing of Rs. 534.65 on the BSE.
The scrip opened at Rs. 536.00 and has touched a high and low of Rs. 537.95 and Rs. 534.55 respectively. So far 1231 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 563.00 on 16-Jan-2018 and a 52 week low of Rs. 382.30 on 11-Aug-2017.
Last one week high and low of the scrip stood at Rs. 540.00 and Rs. 512.85 respectively. The current market cap of the company is Rs. 2761.50 crore.
The promoters holding in the company stood at 51.56%, while Institutions and Non-Institutions held 25.78% and 22.66% respectively.
Mahindra Lifespace Developers has acquired 15,000 equity shares of Mahindra Bebanco Developers (MBDL) from the joint venture partner, BE Billimoria & Company representing 30% of the total share capital of MBDL. The balance 35,000 equity shares representing 70% of the total share capital of MBDL is already held by the company.
Consequent to the acquisition of 15,000 equity shares, MBDL has ceased to be a joint venture cum partially owned subsidiary and has become a wholly owned subsidiary of the company with effect from May 28, 2018. It continues to be a subsidiary of the ultimate holding company, Mahindra and Mahindra.
Mahindra Lifespace Developers is the real estate and infrastructure development business of the $19 billion Mahindra Group, and a pioneer of sustainable urbanization in India.
