Mahindra Lifespace Developers trades higher on the bourses

15 Jan 2013

Mahindra Lifespace Developers is currently trading at Rs. 408.25, up by 4.45 points or 1.10% from its previous closing of Rs. 403.80 on the BSE.

The scrip opened at Rs. 408.20 and has touched a high and low of Rs. 413.00 and Rs. 398.75 respectively. So far 1217 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. 249.10 on 25-Jan-2012.

Last one week high and low of the scrip stood at Rs. 426.85 and Rs. 392.00 respectively. The current market cap of the company is Rs. 1673.02 crore.

The promoters holding in the company stood at 51.05% while Institutions and Non-Institutions held 31.42% and 17.32% respectively.

Mahindra Lifespace Developers, the real estate and infrastructure development arm of the $15.4 billion Mahindra Group, has been bestowed with the CII-ITC Sustainability Awards 2012 for its strong commitment to sustainability in its residential developments and integrated cities.

The awards were announced at a formal presentation ceremony in New Delhi on Jan 14, 2013. The annual CII-ITC Sustainability Awards are conferred on Indian businesses that demonstrate excellent performance in the area of sustainable development.

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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