Mahindra Lifespace Sells Associate Stakes for Up to ₹80 Cr

Mahindra Lifespace Developers Ltd (MLDL) announced the sale of its entire stake in four associate companies: Ample Parks and Logistics Private Limited (APLPL), Ample Parks Project 1 Private Limited (AP1), Ample Parks Project 2 Private Limited (AP2), and Ample Parks MMR Private Limited (APMPL). The sale is to Omega Warehouse Holdings 2 Limited. The total consideration for the transaction is not expected to exceed ₹80 crore. Upon completion, these entities will cease to be associates of MLDL. The company's proportionate share in the net worth of these associates as of March 31, 2026, varied, with APLPL having a negative net worth contribution, while AP1, AP2, and APMPL had positive net worth contributions of ₹4,739.70 Lakhs, ₹433 Lakhs, and ₹1.29 Lakhs respectively. The sale is expected to be completed by December 31, 2026. The buyer is not related to MLDL's promoter or group companies, and the transaction is not considered a related party transaction.