Mahindra Lifespace rises on plan to develop second integrated city in Chennai

22 Aug 2013 Evaluate

Mahindra Lifespace Developers is currently trading at Rs. 439.00, up by 3.45 points or 0.79% from its previous closing of Rs. 435.55 on the BSE.

The scrip opened at Rs. 439.00 and has touched a high and low of Rs. 439.00 and Rs. 439.00 respectively. So far 5 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 472.00 on 18-Jul-2013 and a 52 week low of Rs. 335.35 on 28-Aug-2012.

Last one week high and low of the scrip stood at Rs. 463.90 and Rs. 435.00 respectively. The current market cap of the company is Rs. 0.00 crore.

The promoters holding in the company stood at 51.04% while Institutions and Non-Institutions held 31.78% and 16.97% respectively.

Mahindra Lifespace Developers, the real estate and infrastructure development arm of the Mahindra Group is planning to develop second integrated city in Chennai. In this regard, the company is looking for land in the north part of Chennai. The proposed project will attract an investment of around Rs 4,000 crore, including from the tenants who would occupy space inside the city and will create around 33,000 jobs.

Mahindra Lifespace has pioneered the concept of integrated business city through Mahindra World City development in Chennai and Jaipur.

Mahindra Life. Dev Share Price

386.90 4.20 (1.10%)
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