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Mahindra Lifespace Developers to invest Rs 10 cr in Urban Stay Technologies
(15:36, 10 Aug 2018)
Mahindra Lifespace Developers has executed agreements with Urban Stay Technologies (USTPL) and the Promoters of USTPL on 09 August 2018, whereby, the company will be investing up to Rs 10 crore in USTPL in two tranches.

USTPL is in the business of providing branded and shared accommodation through its digital platform (Co-living).

Upon investment of first tranche, the company will acquire overall 14.25% stake in the total paid up share capital of USTPL, which will go up to 25.10% post the second tranche of the investment.

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