Mahindra Lifespace Developers Limited has informed the Exchange about Copy of Newspaper Publication - Advertisement pertaining to basis of allotment of Equity Shares under Rights Issue
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Awaiting price reaction for this filing.
Mahindra Lifespace Developers has published newspaper advertisements disclosing the basis of allotment for its Rights Issue, as required by SEBI's ICDR Regulations. The Rights Issue Committee, at its meeting on June 18, 2025, approved the allotment of 5,81,53,156 fully paid-up equity shares of face value Rs. 10 each at an issue price of Rs. 257 per share (including a premium of Rs. 247). This translates to a total issue size of approximately Rs. 1,494 crore. The advertisement was published on June 19, 2025 in Financial Express (English), Janasatta (Hindi), and Navshakti (Marathi). The disclosure complies with Regulation 92(1) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
This is a routine post-allotment compliance filing, meaning the rights issue is now formally complete and eligible shareholders have been allotted their entitled shares. No new material event for the stock; the shares allotted are part of the rights issue that was already open and priced. Shareholders should expect shares to reflect in their demat accounts, with the stock adjusting to the expanded share base.