Mahindra Lifespaces approves Alembic transfer and joint venture
pre-market1 source ↓written by the desknot a recommendation
Mahindra Lifespace Developers' Board approved the transfer of the Alembic Undertaking to its subsidiary for a consideration of up to ₹100 crores. Additionally, a joint venture with Mitsui Fudosan for the Mahindra Blossom project in Bengaluru was formalized. This strategic move aims to enhance the company's residential portfolio.
Not investment advice. For informational purposes only.