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Mahindra Lifespace fixes rights issue at Rs 292

Mahindra Lifespace fixes rights issue at Rs 292

Tuesday, March 21, 2017, 2:07 PM

Mahindra Lifespace Developers for its Rs.300 crore rights issue has fixed the issue price at Rs 292 per share. The stock is currently trading in the green, up by 0.7% on the National Stock Exchange, on Tuesday. The Company also said the earnings from the issue will be used for redemption of NCDs and plans to offer 1.2027 crore equity shares to its shareholders.
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