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, offering 5.82 crore shares at Rs 257 each. Existing shareholders can buy 3 new shares for every 8 they hold as of May 23, 2025. If fully subscribed, the share count will jump from 15.53 crore to 21.35 crore, diluting current stakes but boosting funds for expansion. Shareholders can also trade their rights before the issue closes on June 17, 2025. This move aims to strengthen the company’s growth capital while impacting shareholding proportionately.