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Sat, Aug 24, 2013 at 16:54

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Mahindra Lifespace Developers

Reserve Bank of India has increased foreign investment limit in Mahindra Lifespace Developers (erstwhile Mahindra Gesco Developers) to 49 percent from 30 percent.

The holdings of FIIs in the company has reached 29.23 percent of the paid up equity capital, according to filing on August 19.

Promoter Mahindra & Mahindra holds 51.04 percent stake in the company as of June 2013.

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