Mahindra Lifespace Developers has raised Rs 300 crore by issuing equity shares to its existing shareholders.

The right issue programme had been launched by the company on April 12.

The company has said in a BSE filing that “Pursuant to finalisation of basis of allotment in consultation with BSE Limited, the Rights issue Committee of the company…has approved the allotment of 10,263,388 rights equity shares of face value of Rs 10 each at a price of Rs 292 per equity share…”

Read EquityPandit’s Technical Analysis of Indian Stock Market