Acquisitions18 Sept 2025, 01:16 pm
Mahindra Lifespace Developers to Acquire Actis' Stake in Mahindra Homes for up to Rs. 90 Crore
AI Summary
Mahindra Lifespace Developers Ltd. announced the outcome of a Board Meeting held on September 18, 2025, where the Board approved, subject to shareholders' approval, the acquisition of Actis Mahi Holdings Singapore Private Limited's entire stake in Mahindra Homes Private Limited (MHPL). The acquisition will make MHPL a Wholly Owned Subsidiary of Mahindra Lifespace Developers Ltd. The transaction is estimated to be completed within three months from the date of execution of the Share Purchase Agreement, subject to necessary approvals and fulfillment of terms and conditions.
Key Highlights
- Mahindra Lifespace Developers to acquire Actis' stake in Mahindra Homes Private Limited
- The acquisition will make Mahindra Homes a Wholly Owned Subsidiary of Mahindra Lifespace Developers
- The transaction is estimated to be completed within three months from the date of execution of the Share Purchase Agreement
- Mahindra Homes Private Limited is a real estate company engaged in the development of residential projects
- Subject to shareholders' approval, the acquisition will be made for a consideration not exceeding Rs. 90 crore