Phoenix Mills to acquire balance 50% stake in CMDCL for Rs 918 crore

Phoenix Mills

Phoenix Mills has executed a non-binding term sheet to acquire, directly and/or indirectly through its affiliates, the balance 50% equity shareholding of Crest Ventures and Escort Developers held in Classic Mall Development Company (CMDCL) for a total aggregate consideration of Rs 918 crore. Phoenix Mills Currently, the company owns 50% equity shareholding in CMDCL, an … Read more

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