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Mahindra Lifespace greenlit a JV with Mitsui Fudosan (Asia) for a Bengaluru residential project. It transfers 'Alembic Undertaking' to subsidiary MBLDL (up to Rs. 100 Cr), then sells 49% of MBLDL to Mitsui. Both partners invest Rs. 230.30 Cr via rights issue, maintaining 51:49 stake.
All announcements from Mahindra Lifespace Developers Limited