Mahindra Lifespace Developers Limited — Board Meeting, 13-02-2025: Outcome of Board Meeting

The Board has announced a meeting where it approved a rights issue aimed at raising up to ₹1,500 Crores by offering fully paid-up equity shares to eligible shareholders. This funding is intended to reduce existing debt and support future growth strategies. The company's focus on the premium and mid-premium residential market has been solidified, with year-to-date Gross Development Value (GDV) additions exceeding ₹16,000 Crores. MLDL maintains a strong operational position and aims to leverage proceeds from the rights issue for ongoing business development.