Mahindra Lifespace to raise up to Rs.300 crore
Real Estate

Mahindra Lifespace to raise up to Rs.300 crore

Mahindra Lifespace Developers is planning to raise Rs 300 crore through a rights issue. The developer´s consolidated net profit for the quarter-ended September rose to Rs 32 crore as against Rs 6 crore a year ago. The total income for the quarter declined to Rs 145 crore as against Rs 162 crore a year ago. Residential sales and execution maintained an even tempo in Q2FY17. This, supported by a significant improvement in industrial land leases, has resulted in a stronger profit performance by the company.

Contact: Mahindra Lifespace Developers.
Tel: 022-6747 8600.
Website: www.mahindralifespaces.com

Mahindra Lifespace Developers is planning to raise Rs 300 crore through a rights issue. The developer´s consolidated net profit for the quarter-ended September rose to Rs 32 crore as against Rs 6 crore a year ago. The total income for the quarter declined to Rs 145 crore as against Rs 162 crore a year ago. Residential sales and execution maintained an even tempo in Q2FY17. This, supported by a significant improvement in industrial land leases, has resulted in a stronger profit performance by the company. Contact: Mahindra Lifespace Developers. Tel: 022-6747 8600. Website: www.mahindralifespaces.com

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