Anand Mahindra Mahindra Group Chairman Anand Mahindra on Friday said the market cap of its realty firm Mahindra Lifespace has crossed USD 1 billion, proving sceptics wrong that the company could not survive without transacting in black money. The milestone has vindicated the Group’s entry into the real estate sector, he said. Mahindra Lifespace Developers Ltd is the real estate arm of the Mahindra Group. It is listed on stock exchanges. Shares of Mahindra Lifespace Developers were trading at Rs 519.75 apiece on BSE, up 2.29 per cent at 1128 hrs. The market capitalisation of the company was at Rs 8,032.51 crore. Shares of Mahindra Lifespace Developers were trading at Rs 519.75 apiece on BSE, up 2.29 per cent at 1128 hrs. This morning Mahindra Lifespace crossed a market cap of USD 1 billion and became the next ‘unicorn’ in our Group, tweeted Anand Mahindra. “I remember when I entered the real estate sector in the late 80s via Mahindra Ugine, I was told that we would not survive without transacting in black money. Close “But that was exactly why I felt we had to enter the sector & prove the sceptics wrong,” he tweeted. “My gratitude to Arun Nanda… Read full this story
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Mahindra Lifespace crossing $1 billion m-cap proves firm can survive without black money: Anand Mahindra have 300 words, post on www.moneycontrol.com at August 26, 2022. This is cached page on Goose Art. If you want remove this page, please contact us.