Mahindra Lifespace to raise up to Rs 1,500 cr via rights issue to cut debt, aid growth

February 15, 2025

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.

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