Mahindra Lifespace Developers Ltd Share Price – NSE /  BSE

Construction, Small Cap

Securities in F&O Ban:

Deepak Nitrite, Manappuram Finance shares are banned from F&O trading on 19 February 2025.

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Container Corporation of India (Concor) has awarded an order for manufacture & supply of 30 no's BLSS (spine car) rakes on turn-key basis to Braithwaite & Co, A Govt. of India undertaking under Ministry of Railways. The value of the order ex-works excluding freight charges (including GST) is Rs.689.76 crore and the supplies are to be completed by 11 August 2026.

Larsen & Toubro (L&T) has acquired the balance 26% stake in L&T Special Steels and Heavy Forgings (LTSSHF), an existing subsidiary of the company, from Nuclear Power Corporation of India (NPCIL) and it also executed the joint venture termination agreement with NPCIL.

Piramal Pharma’s Turbhe facility received Form-483 with six observations from US Food and Drug Administration (USFDA) following an inspection conducted from 11 February to 17 February 2025.

Puravankara has acquired in first phase 37,80,000 equity shares of Rs 10 each (39.54%) of Sobha Puravankara Aviation (SPAL) held by Sobha Projects and Trade. Post acquisition, the company’s shareholding has increased from 49.95% to 84.49%.

Mahindra Lifespace Developers (MLDL) has partnered with Livingstone Infra (LS) for a cluster redevelopment project in Mahalaxmi, with a gross development value (GDV) of Rs 1,650 crore.

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Mahindra Lifespace Developers (MLDL) has partnered with Livingstone Infra (LS) for a cluster redevelopment project in Mahalaxmi, with a Gross Development Value (GDV) of Rs 1650 crore.

Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers, said, “This development marks Mahindra Lifespaces' strategic expansion into South Mumbai's premium real estate market by creating residences that contribute to Mumbai's urban renewal. The redevelopment aims to showcase cutting-edge design, sustainable elements, and premium amenities, enhancing the city's skyline.”

Located in the upscale Mahalaxmi area, the project site enjoys a prime position in one of South Mumbai's most sought-after neighborhoods. A key advantage of the location is its exceptional connectivity, which ensures convenient access to major business districts, essential services, and leisure destinations across South Mumbai.

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The Board of Mahindra Lifespace Developers at its meeting held on 13 February 2025 has approved fund raising by way of offer and issuance of fully paid-up equity shares of the Company of face value of Rs 10/- each for an amount not exceeding Rs. 1,500 crore by way of a rights issue to the eligible equity shareholders of the Company. The proceeds will be utilized to pare down the company's existing debt and support its future growth plans.

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Mahindra Lifespace Developers will hold a meeting of the Board of Directors of the Company on 13 February 2025.

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