Mahindra Lifespaces completes sale of Ample Parks stakes for ₹76.52 crore

Mahindra Lifespace Developers Limited has completed the sale of its stake in the Ample Parks Group, according to its second-quarter results for the period ended 30 September 2026, presented on 22 October 2026. The divestment was for ₹76.52 crore, below the maximum consideration of ₹80 crore that the company's Committee for Investment/Land Appraisal approved on 27 August 2026.

The deal covers the company's entire stake in four associate companies: Ample Parks and Logistics Private Limited, Ample Parks Project 1 Private Limited, Ample Parks Project 2 Private Limited and Ample Parks MMR Private Limited. The company said the stake included equity shares and compulsory convertible debentures. The sanction was issued under the SEBI Listing Regulations, which govern how listed companies disclose and approve such transactions.

The buyer is Omega Warehouse Holdings 2 Limited, which the filing describes as an affiliate of Actis, the majority partner in Ample Parks. No official statement from Omega or Actis on the transaction was found in the sources. The company has not disclosed the price per share or the number of shares transferred.

What the results show

The divestment lifted standalone profit sharply. The company reported a standalone Q2 profit of ₹127.43 crore, against a loss of ₹24.51 crore a year earlier. It attributed the swing to divestment gains and provision reversals.

The consolidated picture is weaker. Q2 consolidated profit was ₹16.34 crore, down from ₹47.91 crore in the year-ago quarter. Profit after tax for the first half was ₹102 crore, with ₹86 crore in the first quarter. Residential pre-sales for the first half were ₹1,988 crore, up 66% from ₹1,200 crore a year earlier. Consolidated sales for the first half were ₹2,101 crore, up 48%.

Reports on the deal give different figures for the consolidated gain, at ₹25.94 crore and ₹26.94 crore. This article does not quote a gain figure, as the filed figure was not confirmed in the sources.

The Ample Parks platform

Actis and Mahindra Lifespaces signed a joint venture agreement in October 2022 and formally launched Ample Parks in August 2024 as an industrial and logistics real estate developer and operator. Its first project is an industrial and logistics park at Mahindra World City in Chennai, spread over 71 acres with about 2.1 million sq ft of leasable area and an investment of ₹800 crore. The park is located near the Oragadam-Maraimalai Nagar corridor and targets engineering, automotive, electronics and white goods users.

The sources do not say which asset each of the four divested entities holds. Two of them, Ample Parks Project 1 and Project 2, ceased to be associate companies under a filing dated 15 September 2026. The company has said that once the sale is complete, all four entities will cease to be its associates.

For buyers of homes, the deal has no direct effect. Ample Parks is an industrial and logistics business, and no residential unit sales are linked to it.

• Watch the company's next filing for the closing details and the final gain figure.
• Watch the Q3 FY27 results for whether consolidated profit recovers from the Q2 level.
• Watch the Chennai facility timeline: the company expects completion by the end of 2028, with revenue starting in phases before that.