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Mahindra Lifespace rises as its JV inks licensing agreement with Perto

10 Jul 2013 Evaluate

Mahindra Lifespace Developers is currently trading at Rs. 432.00, up by 3.15 points or 0.73% from its previous closing of Rs. 428.85 on the BSE.

The scrip opened at Rs. 430.00 and has touched a high and low of Rs. 437.90 and Rs. 430.00 respectively. So far 988 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. 313.20 on 23-Jul-2012.

Last one week high and low of the scrip stood at Rs. 445.50 and Rs. 410.00 respectively. The current market cap of the company is Rs. 1776.32 crore.

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

Mahindra Life Space's JV- Mahindra World City, Jaipur, has signed licensing agreement with Perto S.A. (Perto) a leading manufacturer of Automated Teller Machines ATM, and Cash Dispensing Machines (CDM) in the world for over 25 years. The project was first announced in February 2012, when the application of Perto was being processed with the Rajasthan State Government for a customized package. However, after obtaining all the approvals from the state government, MV/C, Jaipur and Perto India inked agreement for setting up its state of the art manufacturing plant at Jaipur.

Perto S.A, will set up its first fully integrated manufacturing facility in India on 26 acres of land within the Domestic Tariff Area of Mahindra World City, Jaipur. The new facility, which will commence with an initial outlay of Rs 200 crores, is expected to provide employment to over 1000 people.

Perto is the largest subsidiary of the Digicon Group and is based in Gravatai, Brazil. Perto is one of the biggest exporters of ATMs and CDMs and sells its products in 30 countries. Petro is a well established and recognized name in Brazil, its consistent performance and client commitment have gained them various awards and recognitions in Brazil.

Mahindra World City, Jaipur is an integrated business city focused on creating economic centers of development and new urban nodes. The second such development from the Mahindra World City stable, Mahindra World City, Jaipur is spread over an area of 3000 acres, which provides corporate a world-class platform to establish and expand their business  in a  hassle free environment to  compete globally.

Mahindra Life. Dev Share Price

327.30 -0.75 (-0.23%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 871.70
Dilip Buildcon 457.55
DLF 601.80
Oberoi Realty 1710.00
Ahluwalia Contract(I 832.90
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