Mahindra Lifespace Acquires Full Stake in Mahindra Homes for Rs. 86 Crores
Filing Summary
Mahindra Lifespace Developers Limited has executed a Share Purchase Agreement to acquire the entire stake held by Actis Mahi Holdings in Mahindra Homes Private Limited. The acquisition, valued at Rs. 86 Crores, will make Mahindra Homes a wholly owned subsidiary. The transaction is a related party transaction and has been approved by shareholders through a postal ballot. Mahindra Homes, engaged in residential project development, reported a turnover of Rs. 6.56 Crores in FY23-24. The acquisition is expected to be completed by December 31, 2025.
Mahindra Lifespace Developers Limited has announced the execution of a Share Purchase Agreement (SPA) to acquire the entire stake held by Actis Mahi Holdings (Singapore) Private Limited in Mahindra Homes Private Limited (MHPL). This acquisition will result in MHPL becoming a wholly owned subsidiary of Mahindra Lifespace. The agreement was signed on November 28, 2025, and the transaction is classified as a related party transaction under SEBI regulations.
The acquisition involves a cash consideration of Rs. 86 Crores. The shares being acquired include 2,05,628 Series A Equity Shares, 11,043 Series B Equity Shares, and 1 Compulsory Convertible Preference Share. The transaction has been conducted on an arm’s length basis, with valuation obtained from an independent valuer. The acquisition has been approved by the shareholders of Mahindra Lifespace through a postal ballot.
Mahindra Homes Private Limited, incorporated on June 2, 2010, operates in the real estate sector, focusing on the development of residential projects. The company has completed a residential project named “Windchimes” in Bengaluru and is currently developing the final phase of “Luminare – Phase 3” in Gurgaon. MHPL reported a turnover of Rs. 6.56 Crores in FY23-24 and Rs. 8.81 Crores in FY22-23, with no turnover reported for FY24-25.
The acquisition is scheduled for completion by December 31, 2025. No governmental or regulatory approvals are currently required for the transaction, but any requisite approvals will be obtained as necessary. The completion of the acquisition is subject to the fulfillment of terms and conditions as mutually agreed between Mahindra Lifespace and Actis Mahi Holdings.
Mahindra Lifespace Developers Limited, the acquiring entity, is a part of the Mahindra Group and focuses on sustainable urban development. The company is responsible for the development of integrated cities and industrial clusters, as well as residential and commercial projects. The acquisition of MHPL aligns with Mahindra Lifespace’s strategic focus on expanding its footprint in the residential real estate sector.
Actis Mahi Holdings (Singapore) Private Limited, the seller, is a private equity firm with investments in various sectors, including real estate. The divestment of its stake in MHPL is part of its strategic portfolio management.
Mahindra Lifespace Developers Limited is a leading real estate and infrastructure development company in India, focusing on sustainable urbanization. The company is committed to developing eco-friendly residential and commercial spaces, as well as integrated cities and industrial clusters. Its strategic priorities include expanding its presence in key markets and enhancing its portfolio of sustainable development projects.