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Mahindra Lifespace Developers gets nod for termination of GDR Programme

27 Jan 2020 Evaluate

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.

Peers
Company Name CMP
Lodha Developers 1109.05
Prestige EstatesProj 1434.40
Dilip Buildcon 409.70
DLF 653.90
Oberoi Realty 1734.10
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