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Mahindra Lifespace Developers Ltd Announces Acquisition Of Arch's Stake In Mahindra Residential Developers Ltd


Friday, 15 Mar 2013 08:20am EDT 

Mahindra Lifespace Developers Ltd announced that Mahindra Arch recently concluded a commercial transaction to buyback Arch's stake in Mahindra Residential Developers Ltd, a subsidiary of the Company. Both parties are satisfied with the outcome of the same, and the SPV is now a 100% Mahindra company. The Company said it is not in a position to comment on the entry or exit prices as these are confidential financial information between the parties. The SPV is developing a premium residential offering at Chennai. The first phase of the project is already completed and handed over to customers and the balance phases are under development. 

Company Quote

474.0
-1.95 -0.41%
26 Dec 2014