Split14 Jul 2025, 09:21 pm
Mahindra Lifespace Developers to Reduce Share Capital of Mahindra Homes Private Limited by Rs. 184.82 Crore
AI Summary
Mahindra Lifespace Developers Ltd. has announced a reduction of the issued, subscribed and paid-up share capital of Mahindra Homes Private Limited (MHPL) from Rs. 84,45,950/- to Rs. 82,35,950/-. This decision was approved at the Extra-Ordinary General Meeting of MHPL on July 14, 2025. Upon completion of the reduction, both shareholders of MHPL will receive a sum of Rs. 184.82 crore (including premium) in equal proportion. The valuation has been arrived at based on an independent registered valuer’s valuation report. The transaction is subject to the approval of the National Company Law Tribunal (NCLT), Mumbai and other competent authorities.
Key Highlights
- Mahindra Lifespace Developers to reduce the share capital of Mahindra Homes Private Limited by Rs. 184.82 crore.
- The reduction is from Rs. 84,45,950/- to Rs. 82,35,950/-.
- Upon completion, both shareholders of MHPL will receive an equal proportion of the amount.
- The valuation is based on an independent registered valuer’s valuation report.
- The transaction is subject to the approval of NCLT and other competent authorities.