Mahindra Lifespace board sanctions up to Rs. 5 billion in borrowings

By Ashley Montgomery

Kansas City, Kan., Dec. 30 - Mahindra Lifespace Developers Ltd. informed the Bombay Stock Exchange that at a meeting Friday its board of directors approved borrowing up to Rs. 5 billion through term loans, debentures or working capital loans.

The sum may be borrowed in one or more tranches and will be used for company business.

Mahindra Lifespace, based in Mumbai, is the real estate and infrastructure development arm of the Mahindra Group.

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