At meeting held on 27 January 2020
The Board of Mahindra Lifespace Developers at its meeting held on 27 January 2020 has approved the termination of Global Depository Receipts (GDR) Programme. As on 31 December 2019, 8,608 GDRs equivalent to 43,040 equity shares were outstanding.All the underlying equity shares have already been issued and allotted by the Company in favour of The Bank of New York Mellon, Depository and as such, as on date, there are no outstanding shares to be issued in favour of the Depository for GDR holders The Company in consultation with the Depository, will initiate the process for termination of GDRs in terms of the Deposit Agreement with the Depository.
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