Mahindra Lifespace Developers Ltd to raise Rs. 500 Crores through NCD issue

In pursuance of the Board resolution dated December 30, 2011 and supplemental resolution thereto dated January 28, 2013, Mahindra Lifespace Developers Ltd will be taking steps for the issue and allotment of privately placed Secured Redeemable Non-convertible Debentures (NCDs) upto Rs. 500 Crore. in one or more series, for the purpose of the business of the Company.

Shares of Mahindra Lifespace Developers Ltd last traded in BSE at Rs.395.25, up by Rs.7 or 1.80%. The stock hit an intraday high of Rs.404 and low of Rs.385.25.

The total traded quantity was 619 compared to 2 week average of 2049.

Source : Equity Bulls

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