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Mahindra Lifespace launches rights issue to raise Rs 300 crore

Mahindra Lifespace launches rights issue to raise Rs 300 crore

Thursday, April 13, 2017, 8:01 AM

Real estate firm Mahindra Lifespace Developers Ltd launched its rights issue to raise Rs.300 crore. The company will sell 10.2 million shares at Rs.292 each to eligible shareholders in the ratio of one-share for every four held. The issue closes on 26 April. The last date for receipt of application forms is 19-April. The company will use the money primarily to redeem non-convertible debentures.
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