Mahindra Lifespace Developers Acquires Shreyas Stones Private Limited for Rs. 199 Crore

Mahindra Lifespace Developers Limited has executed a Share Purchase Agreement (SPA) with Shreyas Stones Private Limited (SSPL) to acquire 100% of its equity shares. The transaction, which was completed on June 27, 2025, will make SSPL a Wholly Owned Subsidiary (WOS) of Mahindra Lifespace Developers Limited. SSPL, which was incorporated on June 6, 2017, has its registered office in Bangalore, Karnataka, India. The company has a Nil turnover during the last 3 years. Mahindra Lifespace Developers Limited will acquire 10,000 equity shares having a face value of Rs. 10/- each at a premium of Rs. 198,990 each, aggregating to Rs. 199 Crore (Rupees One Hundred Ninety Nine Crores).