Mahindra Lifespaces ₹1,500 Crore Rights Issue Booster: SEBI RA Sees Breakout Above ₹360

Mahindra Lifespaces has announced a rights issue priced at ₹257 per share, offering shareholders the opportunity to acquire 3 additional shares for every 8 shares currently held. 

On May 13, the board approved this rights issue to raise up to ₹1,500 crore. This will involve offering fully paid-up equity shares with a face value of ₹10 each to eligible shareholders on the record date.

The ex-date for this rights issue is set for May 23. 

The funds raised through this initiative will primarily be used for loan repayment, as well as for the expansion and acquisition of new projects, which is anticipated to have a positive impact on the company.

From a technical perspective, SEBI-registered analyst SharesNServices notes that if the Mahindra Lifespaces stock closes above ₹360, it is projected to move towards the ₹382, ₹398, and ₹420 levels in the short term. 

For long-term investors, the targets are set even higher, at ₹510, ₹620, and potentially above ₹800. 

At the time of writing, Mahindra Lifespace Developers shares were trading at ₹357.05, up ₹5.55 or 1.58%.

The company has seen recent project successes that boost its growth prospects. 

In the previous month, Mahindra Lifespace gained the status of preferred partner for redeveloping two residential societies in Lokhandwala Complex, Andheri West, through a project valued at nearly ₹1,200 crore.

The company secured an agreement with Livingstone Infra Pvt Ltd to redevelop a cluster in Mahalaxmi, Mumbai, with a total development value estimated at ₹1,650 crore.

Mahindra Lifespace owns residential projects totaling 394.4 lakh square feet in seven cities and maintains over 5,000 acres of integrated development and industrial clusters in four cities.

On Stocktwits, retail sentiment was ‘bullish’ amid ‘normal’ message volume.

The stock has declined nearly 23% so far in 2025.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

Editor’s note: A previous version of this story incorrectly stated details of the rights issue. The error has been corrected.