Mahindra Lifespaces plans to raise up to Rs 1,500 crore through a rights issue to support debt reduction and growth. The board approved the plan to benefit eligible shareholders. Despite a net loss of Rs 22.47 crore in the December 2024 quarter compared to a profit the previous year, revenue increased significantly, while expenses also rose.
Mcap of 8 of top-10 firms erodes by Rs 1.55L cr
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj