Mahindra Lifespace Developers Limited — QIP/Rights/Pref., 19-05-2025: Rights Issue

Mahindra Lifespace Developers is raising up to Rs. 1,496.28 Cr through a rights issue of 5.82 crore shares at Rs. 257 each. Existing shareholders can subscribe to 3 new shares for every 8 shares held. Post-issue, total shares will increase from 15.5 crore to 21.3 crore, likely diluting current holdings but boosting equity to support growth and strengthen the balance sheet. The issue offers a chance for shareholders to maintain their stake by subscribing at a discounted price.