Mudra Lifestyle says evaluating stake buy proposals

Mudra Lifestyle on Thursday clarified to the Bombay Stock Exchange (BSE) that it had been receiving feelers and proposals from various strategic and financial investors for buying stake in the company.

The company is evaluating these proposals and deliberating whether any of them is in the interest of the company and its stakeholders, it said.

The clarification was with reference to a media report that the company has started negotiations with South Korea’s E-Land Group for a possible stake sale.     

Mudra Lifestyle shares closed down 1.63 per cent at Rs 45.15 on Thursday  on the Bombay Stock Exchange (BSE).