Mahindra Lifespace Completes Acquisition of Actis Stake in Mahindra Homes for Rs. 86.40 Crores
Mahindra Lifespaces Developers has acquired Actis Mahi Holdings Singapore's 25.65% stake in Mahindra Homes Private Limited (MHPL) for Rs. 86.40 crores. This acquisition transforms MHPL from a joint venture into a wholly owned subsidiary of Mahindra Lifespaces. MHPL operates residential projects in Bengaluru and Gurgaon. The transaction, approved by shareholders via postal ballot, strengthens Mahindra Lifespace's position in these key real estate markets.

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Mahindra Lifespaces Developers -RE , a prominent player in the real estate sector, has successfully completed the acquisition of Actis Mahi Holdings Singapore's entire 25.65% stake in its subsidiary Mahindra Homes Private Limited (MHPL) for Rs. 86.40 crores. This strategic acquisition, which received shareholder approval through a postal ballot, has converted MHPL from a 74.35:25.65 joint venture into a wholly owned subsidiary of Mahindra Lifespaces.
Acquisition Details
- Mahindra Lifespaces has acquired the entire 25.65% stake held by Actis Mahi Holdings (Singapore) Private Limited in MHPL.
- The acquisition cost was set at Rs. 86.40 crores.
- MHPL has now become a wholly owned subsidiary of Mahindra Lifespaces.
- MHPL is a real estate company that operates residential projects in Bengaluru and Gurgaon.
Transaction Significance
The completion of this acquisition marks a significant milestone for Mahindra Lifespace Developers. By consolidating its control over MHPL, the company has strengthened its position in the real estate market, particularly in the key areas of Bengaluru and Gurgaon.
Implications
This strategic move is expected to enhance Mahindra Lifespace's operational control and decision-making capabilities regarding MHPL's projects. It may also lead to improved synergies and potentially more streamlined operations within the Mahindra Lifespace group.
The successful completion of this transaction demonstrates Mahindra Lifespace's commitment to expanding its real estate portfolio and reinforcing its market presence.
Historical Stock Returns for Mahindra Lifespaces Developers -RE
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.67% | -0.47% | +3.10% | +10.93% | -7.13% | +294.67% |















































