Mahindra Lifespace Developers Limited — Board Meeting, 13-05-2025: Outcome of Board Meeting

Mahindra Lifespace Developers has announced a board meeting on which it approved a fresh authorization for a Rs 1,500 Cr rights issue to cut debt and boost growth. The company’s focus stays on premium and mid-premium residential segments, with FY25 GDV additions jumping to Rs 18,100 Cr from Rs 4,400 Cr in FY24. Net debt-to-equity remains comfortable at 0.39x. Details on pricing and entitlement ratio will be finalized shortly.