Mahindra Lifespace Developers has received an approval for termination of Global Depository Receipts (GDR) Programme. The Company in consultation with the Depository, will initiate the process for termination of 8,608 GDRs equivalent to 43,040 equity shares in terms of the Deposit Agreement with the Depository.
The Board of Directors of the company at its meeting held on January 27, 2020, approved the same.
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.
