Mahindra Lifespace to raise Rs 1,500 cr via rights issue to cut debt, grow

Q: How long will it take to read this news story?

The story "Mahindra Lifespace to raise Rs 1,500 cr via rights issue to cut debt, grow" has 325 words across 17 sentences, which will take approximately 2 - 3 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Mahindra Lifespace to raise Rs 1,500 cr via rights issue to cut debt, grow" was covered 1 weeks ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 163 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #26163794</li><li>URL: https://beamstart.com/news/mahindra-lifespace-to-raise-rs-17396026273313</li></ul>

Business Standard Logo Business Standard 1w ago

Mahindra Lifespace to raise Rs 1,500 cr via rights issue to cut debt, grow - Business Standard

Quick Summary:

Real estate company Mahindra Lifespace Developers plans to raise up to Rs 1,500 crore through issue of shares to eligible shareholders for reducing its debt as well as funding further growth.

The board of Mahindra Lifespaces Developers Ltd has approved the fund raise of up to Rs 1,500 crore through rights issue to the eligible shareholders of the company.

Recently, Mahindra Lifespace reported a consolidated net loss of Rs 22.47 crore for the quarter ended December 2024.