Mahindra Lifespace zooms 19% as firm to consider bonus issue plan

The board at its meeting scheduled on Wednesday, July 28, 2021, will consider the proposal for the issuance of bonus equity shares

Shares of Mahindra Lifespace Developers zoomed 19 per cent to Rs 793.10 on the BSE in intra-day trade on Friday after the company announced that its board will consider maiden bonus issue in their forthcoming meeting on Wednesday, July 28, 2021.

The share price of the real estate and infrastructure development company of Mahindra Group hit a 52-week high. The scrip has rallied 33 per cent in the past one month as against a rise of 1 per cent in the S&P BSE Sensex during the same period.

On July 1, 2021, the company intimated that a meeting of the board of