India, May 13 -- Mahindra Lifespace Developers Ltd announced on Tuesday that its Board has approved a rights issue of equity shares to raise up to Rs 1,500 crore. The decision was taken during a board meeting held on May 13, 2025.
The company will issue fully paid-up equity shares with a face value of Rs 10 each to eligible shareholders as on the record date, which will be announced separately. The rights issue is aimed at strengthening the company's capital base and supporting future growth initiatives.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....