Mahindra Lifespace Developers is currently trading at Rs. 386.10, up by 4.10 points or 1.07% from its previous closing of Rs. 382.00 on the BSE.

The scrip opened at Rs. 384.10 and has touched a high and low of Rs. 387.15 and Rs. 372.35 respectively. So far 665 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. 310.00 on 25-Jun-2012.

Last one week high and low of the scrip stood at Rs. 397.60 and Rs. 379.95 respectively. The current market cap of the company is Rs. 1560.89 crore.

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

Foreign Institutional Investors’ (FII) holding in Mahindra Lifespace Developers, the real estate and infrastructure development arm of the Mahindra Group, has reached 28.31% of the paid-up equity capital of the company as on June 21, 2013. This is as per the latest download of beneficiary position made available to the company by the Depositories (NSDL and CDSL) and as confirmed by the Registrar & Share Transfer Agents of the company.

Earlier, the company’s shareholder’s resolution dated August 10, 2005 had approved the overall limit for FIIs holding in the share capital of the company up to 30% of the paid-up equity capital of the company. The Reserve Bank of India (RBI) has notified on September 20, 2005 that FIIs can now purchase under Portfolio Investment Scheme (PIS) equity shares of the company through primary markets and stock exchanges in India up to 30% of its paid up equity capital.

Further, RBI has informed the company via letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the company.

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. 

Mahindra Life. Dev Share Price

383.80 8.25 (2.20%)
29-Nov-2022 17:49 View Price Chart
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