Amansa sells entire stake in Mahindra Lifespace for Rs 101 cr

Mahindra life

Singapore-based fund management firm Amansa Investments today offloaded its entire 5.96 per cent stake in Mahindra Lifespace Developers, the real estate arm of Mahindra Group, for Rs 101 crore.

Amansa Investments, which held 24,34,599 shares or 5.96 per cent stake in Mahindra Lifespace at the end of September quarter, sold its entire holding in the company, data available with the stock exchanges showed.

The shares were sold on an average price of Rs 414.88 aggregating the deal size to Rs 101 crore, the data showed.

However, buyer of the shares could not be ascertained.

In a separate bulk deal, Credit Suisse (Singapore) Ltd sold 20.96 lakh shares of real estate firm Housing Development & Infrastructure Ltd (HDIL).

The shares were offloaded at Rs 114.67 apiece taking the deal size to Rs 24 crore.

At the BSE, shares of Mahindra Lifespace rose by 1.66 per cent to settle at Rs 419.10, while HDIL fell three per cent to close at Rs 113.35

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