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Phoenix Mills acquires 5.36% stake in ODPL for Rs 29.28 crore

Phoenix Mills has acquired 1,691,270 equity shares of Offbeat Developers (ODPL) held by HBS Realtors representing 5.36% of total equity shareholding for a total consideration of Rs 29.28 crore on May 22, 2017. Consequent upon the aforesaid acquisition, the shareholding of the company in ODPL has increased from 83.59% to ... Read More »

Phoenix Mills, CPPIB forms strategic investment platform: Report

In a bid to develop, own and operate retail-led mixed-use developments across India, Phoenix Mills and Canada Pension Plan Investment Board (CPPIB) have reportedly formed a strategic investment platform, Island Star Mall Developers (ISMDPL). CPPIB will initially own 30 per cent of the platform with an equity commitment of around ... Read More »