Mahindra Lifespace Developers Limited, the real estate and infrastructure development arm of Mahindra Group, today announced that it has appointed Ms. Parveen Mahtani as Chief Legal Officer. Parveen will oversee all legal and regulatory activities across Mahindra Lifespaces' businesses, applying her extensive experience in due diligence, contract management, M&A, intellectual property rights and financial transactions.
Commenting on the appointment, Mr. Arvind Subramanian, Managing Director & CEO, Mahindra Lifespaces, said, "We are delighted to welcome Parveen to our management team. Parveen brings a high process and systems orientation to Legal and Compliance, as well as deep knowledge and understanding of India's real estate industry - both important facets for a role supporting organizational growth and transformation."
Ms. Parveen Mahtani added, "I'm excited to join the Mahindra Lifespaces team and be part of a visionary organization that is shaping the future of real estate in India. I look forward to working with a team of talented legal professionals in further extending the Company's commitment to delivering Joyful Homecomings and enabling the growth aspirations of Indian and global businesses."
Parveen is a seasoned legal expert with nearly 20 years of leadership experience spanning multiple industries. Prior to her appointment at Mahindra Lifespaces, Parveen was Head, Legal and Compliance at Tata Realty and Infrastructure Ltd. and Tata Housing Development Co Ltd. In her previous roles, Praveen has handled a wide portfolio of real estate projects across India, UK, Maldives and Sri Lanka. She has also handled litigation across various courts, including the Supreme Court of India and high courts. A Gold medallist in Law from University of Mumbai, Parveen is the recipient of multiple awards and accolades including 'Women in Law Award for Exceptional Service in Law' by Legal Era in 2020 and 'Shining Star of Indian Legal Fraternity' by the Corporate Counsel of India in 2019, among others.
Shares of MAHINDRA LIFESPACE DEVELOPERS LTD. was last trading in BSE at Rs.217.5 as compared to the previous close of Rs. 217.2. The total number of shares traded during the day was 1227 in over 214 trades.
The stock hit an intraday high of Rs. 220.55 and intraday low of 215.2. The net turnover during the day was Rs. 266112.