Joint Venture12 Jan 2026, 04:47 pm
Mahindra Lifespace Developers Ltd. to Transfer Project to Subsidiary, Seeks KRERA Approval
AI Summary
The Board of Directors of Mahindra Lifespace Developers Ltd. has approved making an application to KRERA for seeking approval for change in promoter of a project situated at Bengaluru. The project will be transferred to Mahindra Blossom Developers Limited, a wholly owned subsidiary of the Company. The necessary details and authorization for negotiation and finalization of the transfer are yet to be finalized and will be intimated as per SEBI regulations. The Board's decision was made through circulation and received at 4:25 pm on January 12, 2026.
Key Highlights
- Mahindra Lifespace Developers Ltd. to transfer a project to its subsidiary, Mahindra Blossom Developers Limited
- The project is situated in Bengaluru
- The Company will seek approval from KRERA for the change in promoter
- The transfer is subject to necessary approvals and authorizations
- The Board's decision was made through circulation on January 12, 2026