New Delhi, Aug 26: Mahindra Group Chairman Anand Mahindra on Friday said the market cap of its realty firm Mahindra Lifespace has crossed USD 1 billion, proving sceptics wrong that the company could not survive without transacting in black money. The milestone has vindicated the Group’s entry into the real estate sector, he said. Mahindra Lifespace Developers Ltd is the real estate arm of the Mahindra Group. It is listed on stock exchanges. Shares of Mahindra Lifespace Developers were trading […]
Anand Mahindra, Chairman of Mahindra Group, announced on Friday that the market capitalization of its realty firm Mahindra Lifespace had surpassed USD 1 billion, proving skeptics wrong that the company could not survive without transacting in black money. According to him, the achievement validated the Group's debut in the real estate market. Mahindra Lifespace Developers Ltd is the Mahindra Group's real estate arm. It is publicly traded on stock exchanges. At 1128 hours, Mahindra Lifespace Developers shares were trading at Rs 519.75 a share on the BSE, up 2.29 percent. The company's market capitalisation was Rs 8,032.51 crore. This morning,
On Wednesday, Mumbai-based Mahindra Lifespace said that Nanda, Chairperson (Non-Executive Non-Independent) of the company, will retire with effect from July 28.
Get latest articles and stories on Latest News at LatestLY. After being the Chairman of realty firm Mahindra Lifespace Developers Lt for over 12 years, Arun Nanda has retired from the position, even though he will continue to be associated with the Mahindra group. Latest News | Arun Nanda Retires as Mahindra Lifespace Chairman After More Than 12 Years.