Mahindra Lifespace Developers share news, announcements and annual reports
NSE: MAHLIFEBSE: 532313RealtySmall Cap
Mahindra Lifespace Developers Limited · Formerly Mahindra Gesco Developers · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Apr 2000 on BSE, May 2000 on NSE
Last close ₹308.35up ₹1.70 (0.55%)BSE ₹308.25
Share price at the NSE close on 2 Nov 2026. Previous close ₹306.65.
2 Nov: open ₹305.15, high ₹313.65, low ₹302.55
52-week range of traded prices to 2 Nov 2026
₹286.80Low, 30 Mar 2026₹427.05High, 1 Dec 2025
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹6,579 Cr652nd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 21.93
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 1.80
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.14%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 8.5%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 0.1%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.17
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 1,26,00250.2% delivered
Mahindra Lifespace Developers share news and announcements
1,349 announcements, routine notices left out, newest first. Page 27 of 27.
Jul 2007
11 Jul · Board meeting
Meeting on 24 Jul 2007: “Unaudited financial results for quarter ended June 30, 2007”
Jun 2007
26 Jun · Investments by FIIs
Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Limited through primary markets and stock exchanges in India upto 30% of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories (NSDL & CDSL), as of Friday, 22nd June, 2007 and as confirmed by the Registrars & Share Transfer Agents of the Company, the holdings of FIIs in the Company has reached 26.3691% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis-a-vis the limits notified as above, of which due note may please be taken18 Jun · Investments by FIIs
Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Limited through primary markets and stock exchanges in India upto 30% of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories (NSDL & CDSL), as of Friday, 15th June, 2007 and as confirmed by the Registrars & Share Transfer Agents of the Company, the holdings of FIIs in the Company has reached 26.2696% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis-a-vis the limits notified as above, of which due note may please be taken11 Jun · Investments by FIIs
Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Limited through primary markets and stock exchanges in India upto 30% of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories (NSDL & CDSL), as of Friday, 8th June, 2007 and as confirmed by the Registrars & Share Transfer Agents of the Company, the holdings of FIIs in the Company has reached 27.1176% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis-a-vis the limits notified as above, of which due note may please be taken5 Jun · Investments by FIIs
Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Limited through primary markets and stock exchanges in India upto 30% of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories (NSDL & CDSL), as of Friday, 1st June, 2007 and as confirmed by the Registrars & Share Transfer Agents of the Company, the holdings of FIIs in the Company has reached 27.5545% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis-a-vis the limits notified as above, of which due note may please be taken
May 2007
29 May · Investments by FIIs
Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Limited through primary markets and stock exchanges in India upto 30% of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories (NSDL & CDSL), as of Friday, 25th May 2007 and as confirmed by the Registrars & Share Transfer Agents of the Company, the holdings of FIIs in the Company has reached 27.7966% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis-a-vis the limits notified as above, of which due note may please be taken21 May · Investments by FIIs
Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Limited through primary markets and stock exchanges in India upto 30% of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories (NSDL & CDSL), as of Friday, 18th May 2007 and as confirmed by the Registrars & Share Transfer Agents of the Company, the holdings of FIIs in the Company has reached 27.3302% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis-a-vis the limits notified as above, of which due note may please be taken14 May · Investments by FIIs
Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Limited through primary markets and stock exchanges in India upto 30% of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories (NSDL & CDSL), as of Friday, 11th May 2007 and as confirmed by the Registrars & Share Transfer Agents of the Company, the holdings of FIIs in the Company has reached 26.7839% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis-a-vis the limits notified as above, of which due note may please be taken7 May · Investments by FIIs
Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Limited through primary markets and stock exchanges in India upto 30% of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories (NSDL & CDSL), as of Friday, 04th May 2007 and as confirmed by the Registrars & Share Transfer Agents of the Company, the holdings of FIIs in the Company has reached 27.4767% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis-a-vis the limits notified as above, of which due note may please be taken
Apr 2007
30 Apr · Investments by FIIs
Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Limited through primary markets and stock exchanges in India upto 30% of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories (NSDL & CDSL), as of Friday, 26th April 2007 and as confirmed by the Registrars & Share Transfer Agents of the Company, the holdings of FIIs in the Company has reached 27.6403% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis-a-vis the limits notified as above, of which due note may please be taken25 Apr · Management
The Board in its meeting held on 25th April, 2007 appointed Mr. Pawan Kumar Malhotra as an Additional Director. At the same meeting, the Board, subject to requisite approvals, appointed Mr. Pawan Kumar Malhotra as the Managing Director and designated him as "Managing Director & Chief Executive Officer". These appointments will take effect from June, 200725 Apr · Dividend
Board of Directors of the Company at its meeting today (i.e. April 25, 2007) have recommended dividend as under (a) 10.50% on 1,000,000 Non-Cumulative Redeemable Preference Shares of Rs.100 each; (b) 15% on 39,947,350 Equity Shares of Rs.10 each.23 Apr · Investments by FIIs
Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Limited through primary markets and stock exchanges in India upto 30% of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories (NSDL & CDSL), as of Friday,20th April 2007 and as confirmed by the Registrars & Share Transfer Agents of the Company, the holdings of FIIs in the Company has reached 27.3552% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis-a-vis the limits notified as above, of which due note may please be taken16 Apr · Investments by FIIs
Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Limited through primary markets and stock exchanges in India upto 30% of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories (NSDL & CDSL), as of Friday, 13th April 2007 and as confirmed by the Registrars & Share Transfer Agents of the Company, the holdings of FIIs in the Company has reached 27.2341% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis-a-vis the limits notified as above, of which due note may please be taken9 Apr · Investments by FIIs
Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Limited through primary markets and stock exchanges in India upto 30% of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories (NSDL & CDSL), as of Friday, 6th April 2007 and as confirmed by the Registrars & Share Transfer Agents of the Company, the holdings of FIIs in the Company has reached 27.0762% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis-a-vis the limits notified as above, of which due note may please be taken2 Apr · Investments by FIIs
Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Limited through primary markets and stock exchanges in India upto 30% of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories (NSDL & CDSL), as of Friday 30th March 2007, the holdings of FIIs in the Company has reached 29.1178% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis-a-vis the limits notified as above, of which due note may please be taken
Mar 2007
30 Mar · Allotment of shares
Capital Issue Committee of the Directors of the Company at their meeting held on March 30, 2007 has done allotment of 29,19,000 Equity shares of Rs. 10/- each at a premium of Rs. 516/- per equity share to the Promoters of the Company under Chapter XIII of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000.26 Mar · Investments by FIIs
Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Limited through primary markets and stock exchanges in India upto 30% of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories (NSDL & CDSL), as of Friday 23rd March 2007, the holdings of FIIs in the Company has reached 29.1389% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis-a-vis the limits notified as above, of which due note may please be taken26 Mar · Board meeting
To consider and approve the annual Accounts of the Company and recommend dividend, if any, for the year ended 31st March, 2007.20 Mar · Investments by FIIs
Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Limited through primary markets and stock exchanges in India upto 30% of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories (NSDL & CDSL), as of Friday 16th March 2007, the holdings of FIIs in the Company has reached 29.2231% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis-a-vis the limits notified as above, of which due note may please be taken14 Mar · Limited Review Report
Auditor's have conducted the limited review of the unaudited financial results for the third quarter ended December 31, 2006 . The details of the same shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.12 Mar · Investments by FIIs
Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Limited through primary markets and stock exchanges in India upto 30% of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories (NSDL & CDSL), as of Friday 9th March 2007, the holdings of FIIs in the Company has reached 29.1782% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis-a-vis the limits notified as above, of which due note may please be taken5 Mar · Investments by FIIs
Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Limited through primary markets and stock exchanges in India upto 30% of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories (NSDL & CDSL), as of Friday 2nd March 2007, the holdings of FIIs in the Company has reached 29.9177% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis-a-vis the limits notified as above, of which due note may please be taken
Feb 2007
26 Feb · Investments by FIIs
Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Limited through primary markets and stock exchanges in India upto 30% of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories (NSDL & CDSL), as of Friday 23rd February 2007, the holdings of FIIs in the Company has reached 29.782% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis-a-vis the limits notified as above, of which due note may please be taken19 Feb · Investments by FIIs
Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (IPS) equity shares of Mahindra Gesco Developers Limited through primary markets and stock exchanges in India upto 30% of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories (NSDL & CDSL), as of Friday 16th February 2007, the holdings of FIIs in the Company has reached 29.1831% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis-a-vis the limits notified as above, of which due note may please be taken14 Feb · Retirement
The Company has accepted the request of Mr. Pranab Kumar Datta, Managing Director & Chief Executive Officer, for an early retirement from the services of the Company w.e.f. the close of business hours on 31st March, 2007. He will also cease to be a Director of the Company from the close of business hours on 31st March, 200712 Feb · Investments by FIIs
February 12, 2007 that: "Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Ltd. through primary markets and Stock Exchanges in India upto 30 per cent of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories (NSDL & CDSL), as of Friday 9th February 2007, the holdings of FIIs in the Company has reached 28.63% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis-a-vis the limits notified as above, of which due note may please be taken".6 Feb · Investments by FIIs
February 06, 2007 that: "Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Ltd. through primary markets and Stock Exchanges in India upto 30 per cent of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories (NSDL & CDSL), as of Friday 2nd February 2007, the holdings of FIIs in the Company has reached 29.5786% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis-a-vis the limits notified as above, of which due note may please be taken".
Jan 2007
25 Jan · Investments by FIIs
January 25, 2007 that: "Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Ltd. through primary markets and stock exchanges in India upto 30 per cent of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories (NSDL & CDSL), as of Friday 19th January, 2007, the holdings of FIIs in the Company has reached the limit of 30% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis-a-vis the limits notified as above, of which due note may please be taken".24 Jan · Utilisation of Funds
Utilisation of proceeds of QIP Issue made during the quarter:- (Rs. In Lakhs). (1) Proceeds from Issue (60 lakhs equity shares @ Rs. 800 per equity share):- 48,000. (2) Utilisation:- (a) Repayment of borrowings - 25,750. (b) Purchase of Land - 6,514. (c) Issue of Expense* - 1,102. (d) Investments in Debt Schemes of Mutual Funds - 14,634. Total - 48,000. *The expenditure incurred in connection with the QIP issue amounting to Rs. 1,102 lakhs has been adjusted against the Share Premium Account in accordance with the provisions of the Companies Act, 195624 Jan · Investments by FIIs
January 24, 2007 that: "Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Ltd. through primary markets and stock exchanges in India upto 30 per cent of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories (NSDL & CDSL), as of Friday 19th January, 2007, the holdings of FIIs in the Company has reached the limit of 30% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis-a-vis the limits notified as above, of which due note may please be taken".23 Jan · Investments by FIIs
January 23, 2007 that: "Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Ltd. through primary markets and stock exchanges in India upto 30 per cent of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories (NSDL & CDSL), as of Friday 19th January, 2007, the holdings of FIIs in the Company has reached the limit of 30% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis-a-vis the limits notified as above, of which due note may please be taken".22 Jan · Investments by FIIs
Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Ltd. through primary markets and stock exchanges in India upto 30 per cent of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories (NSDL & CDSL), as of Friday 19th January, 2007, the holdings of FIIs in the Company has reached the limit of 30% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis-a-vis the limits notified as above, of which due note may please be taken19 Jan · Investments by FIIs
January 19, 2007 that: "Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Ltd. through primary markets and stock exchanges in India upto 30 per cent of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories (NSDL & CDSL), as of Friday 12th January, 2007, the holdings of FIIs in the Company has reached the limit of 30% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis-a-vis the limits notified as above, of which due note may please be taken".18 Jan · Investments by FIIs
January 17, 2007 that: "Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Ltd. through primary markets and stock exchanges in India upto 30 per cent of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories (NSDL & CDSL), as of Friday 12th January, 2007, the holdings of FIIs in the Company has reached the limit of 30% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis-a-vis the limits notified as above, of which due note may please be taken".18 Jan · Investments by FIIs
January 18, 2007 that: "Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Ltd. through primary markets and stock exchanges in India upto 30 per cent of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories (NSDL & CDSL), as of Friday 12th January, 2007, the holdings of FIIs in the Company has reached the limit of 30% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis-a-vis the limits notified as above, of which due note may please be taken".16 Jan · Investments by FIIs
January 15,2007 that: "Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Ltd. through primary markets and stock exchanges in India upto 30 per cent of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories (NSDL & CDSL), as of Friday 12th January, 2007, the holdings of FIIs in the Company has reached the limit of 30% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis-a-vis the limits notified as above, of which due note may please be taken"16 Jan · Investments by FIIs
January 16,2007 that: "Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Ltd. through primary markets and stock exchanges in India upto 30 per cent of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories (NSDL & CDSL), as of Friday 5th January, 2007, the holdings of FIIS in the Company has reached the limit of 30% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis-a-vis the limits notified as above, of which due note may please be taken"15 Jan · Investments by FIIs
January 15,2007 that: "Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Ltd. through primary markets and stock exchanges in India upto 30 per cent of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories (NSDL & CDSL), as of Friday 5th January, 2007, the holdings of FIIS in the Company has reached the limit of 30% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis-a-vis the limits notified as above, of which due note may please be taken".12 Jan · Investments by FIIs
January 12,2007 that: "Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Ltd. through primary markets and stock exchanges in India upto 30 per cent of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories (NSDL & CDSL), as of Friday 5th January, 2007, the holdings of FIIS in the Company has reached the limit of 30% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis-a-vis the limits notified as above, of which due note may please be taken".11 Jan · Investments by FIIs
January 11,2007 that: "Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Ltd. through primary markets and stock exchanges in India upto 30 per cent of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories (NSDL & CDSL), as of Friday 5th January, 2007, the holdings of FIIS in the Company has reached the limit of 30% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis-a-vis the limits notified as above, of which due note may please be taken"10 Jan · Investments by FIIs
January 10,2007 that: "Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Ltd. through primary markets and stock exchanges in India upto 30 per cent of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories (NSDL & CDSL), as of Friday 5th January, 2007, the holdings of FIIS in the Company has reached the limit of 30% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis-a-vis the limits notified as above, of which due note may please be taken".9 Jan · Increase in FII Limit
January 09, 2007 that: "Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Ltd. through primary markets and stock exchanges in India upto 30 per cent of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories ( NSDL & CDSL), as of Friday 5th January, 2007, the holdings of FIIS in the Company has reached the limit of 30% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis- -vis the limits notified as above, of which due note may please be taken".9 Jan · Board meeting
Meeting on 23 Jan 2007: “Unaudited Financial Results for the quarter ended Dec 31, 06”8 Jan · Investments by FIIs
January 08, 2007 that: "Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Ltd. through primary markets and stock exchanges in India upto 30 per cent of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories ( NSDL & CDSL), as of Friday 5th January, 2007, the holdings of FIIS in the Company has reached the limit of 30% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis- -vis the limits notified as above, of which due note may please be taken".5 Jan · Increase in FII Limit
January 05, 2007 that: "Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Ltd. through primary markets and stock exchanges in India upto 30 per cent of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories ( NSDL & CDSL), as of Friday 29th December, 2006, the holdings of FIIS in the Company has reached the limit of 30% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis- -vis the limits notified as above, of which due note may please be taken".4 Jan · Investments by FIIs
January 04,2007 that: "Mahindra Gesco Developers Ltd. vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Ltd. through primary markets and stock exchanges in India upto 30 per cent of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories ( NSDL & CDSL), as of Friday 29th December, 2006, the holdings of FIIS in the Company has reached the limit of 30% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis- -vis the limits notified as above, of which due note may please be taken".3 Jan · Investments by FIIs
Mahindra Gesco Developers Limited has informed the Exchange that "Mahindra Gesco Developers Ltd vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. The Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Ltd through primary markets and stock exchanges in India upto 30 per cent of its paid up equity capital. RBI has informed the Company vide its letter dated September 20, 2005 and December 07, 2006 that RBI will be monitoring the FII investments under PIS at sectoral cap/statutory ceiling as applicable and not at the intermediate ceiling fixed by the Company. In view of the above, we have to inform you that as per the latest download of beneficiary positions made available to the Company by the Depositories ( NSDL & CDSL), as of Friday 29th December, 2006, the holdings of FIIS in the Company has reached the limit of 30% of the paid-up equity capital. The purpose of this communication is to inform all concerned the status of FIIs holdings in the Company vis- -vis the limits notified as above, of which due note may please be taken.2 Jan · Investments by FIIs
Mahindra Gesco Developers Ltd vide shareholder's resolution dated 10th August 2005 has approved the overall limit for FIIs holding in the share capital of the Company upto 30% of the paid-up equity capital of the Company. Subsequently, the Reserve Bank of India has notified on September 20, 2005 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of Mahindra Gesco Developers Ltd through primary markets and stock exchanges in India upto 30 per cent of its paid up equity capital. As per the latest download of beneficiary positions made available to the Company by the Depositories (NSDL & CDSL), as of Friday 29th December, 2006, the holdings of FIIs in the Company has reached the limit of 30% of the paid-up equity capital