Outcome of Rights Issue Committee Meeting- Allotment of Equity Shares pursuant to Rights Issue.
MAHLIFE · price
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Mahindra Lifespace Developers has completed its Rights Issue, allotting 5.81 crore fully paid-up equity shares at Rs. 257 per share (including a premium of Rs. 247 over the Rs. 10 face value). The issue, which opened on June 2 and closed on June 17, 2025, raised approximately Rs. 1,494 crore. An additional 67,745 shares have been kept in abeyance pending regulatory clearances. As a result, the company's paid-up share capital has risen from Rs. 155.10 crore to Rs. 213.26 crore. Promoter Mahindra & Mahindra's holding in the company increased from 51.14% to 52.43% on account of the allotment.
Existing shareholders saw their holdings diluted by roughly 37% (about 5.81 crore new shares added to 15.51 crore existing shares), but the promoter parent chose to subscribe to its entitlement, lifting its stake slightly. The Rs. 1,494 crore inflow strengthens the company's balance sheet for future growth, though near-term EPS will be diluted until the capital is deployed.