Mahindra Lifespace Developers surges on acquiring land parcel in MMR region

17 Apr 2013

Mahindra Lifespace Developers is currently trading at Rs. 379.85, up by 10.15 points or 2.75% from its previous closing of Rs. 369.70 on the BSE.

The scrip opened at Rs. 379.95 and has touched a high and low of Rs. 383.90 and Rs. 377.00 respectively.

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. 283.95 on 10-May-2012.

Last one week high and low of the scrip stood at Rs. 384.95 and Rs. 362.70 respectively. The current market cap of the company is Rs. 1551 crore.

The promoters holding in the company stood at 51.04% while Institutions and Non-Institutions held 31.67% and 17.07% respectively.

Mahindra Lifespace Developers has acquired a land parcel in MMR region for residential development having an estimated development potential of around 0.50 million square feet.

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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Mahindra Life. Dev Share Price

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