Mahindra Lifespace Developers Ltd
Board Meeting Outcome for Outcome For Board Of Mahindra Lifespace Developers Limited - Re-Approves Fund Raising Through Rights Issue Of Equity Shares For An Amount Not Exceeding Rs. 1500 Crore To Pursue The Rights Issue Under New Simplified SEBI ICDR Regu
06:31 PM, 13th May 2025
Board of Directors of Mahindra Lifespace Developers Limited (Board) has inter-alia superseded the Right issue approval granted on 13th February 2025 and via a fresh resolution approved fund raise by way of offer and issuance of fully paid-up equity shares of the Company for an amount not exceeding Rs. 1500 Crore; to pursue the proposed Right Issue under SEBI (ICDR) (Amendment) Regulations 2025 dated 3rd March 2025 ( new simplified regulations) which have considerably simplified the Rights issue process thereby making it time process and cost efficient. This is to clarify that the resolution approved today by the Board is not for any additional offer and issuance of Equity Shares but only a fresh approval for the same matter which was announced on 13th February 2025.