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Monday, September 2, 2013

Mahindra Lifespace to Raise Rs 400 cr via QIP Route

Realty firm Mahindra Lifespace Developers today said it plans to raise about Rs 400 crore funds by issue of shares to institutional investors.

"The Board of Directors at its meeting held on August 31, 2013 approved raising of funds not exceeding Rs 400 crore by issue of equity shares by way of a qualified institutional placement (QIP) to qualified institutional buyers," Mahindra Lifespace said in a filing with BSE.

To read full story, please visit Financial Chronicle Hyderabad