Mahindra Lifespace Developers is currently trading at Rs. 415.05, down by 8.05 points or 1.90% from its previous closing of Rs. 423.10 on the BSE.
The scrip opened at Rs. 419.95 and has touched a high and low of Rs. 424.00 and Rs. 415.05 respectively. So far 1787 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 452.00 on 19-Nov-2012 and a 52 week low of Rs. 235.00 on 30-Dec-2011.
Last one week high and low of the scrip stood at Rs. 435.00 and Rs. 403.00 respectively. The current market cap of the company is Rs. 1701.19 crore.
The promoters holding in the company stood at 51.05 % while Institutions and Non-Institutions held 31.78 % and 16.96 % respectively. Singapore-based fund management firm Amansa Investments, which held 24,34,599 shares or 5.96% stake in Mahindra Lifespace at the end of September quarter, has offloaded its entire holding in the company. However, buyer of the shares could not be ascertained.
The company has sold the stake in the real estate arm of Mahindra Group for Rs 101 crore at an average price of Rs 414.88 per share.
Mahindra Lifespace Developers (MLDL) is the real estate and infrastructure development subsidiary of Mahindra & Mahindra (M&M). At present, M&M holds 51% of the equity share capital of MLDL. MLDL has two main lines of businesses - standalone real estate development and development of integrated business cities.
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