On 06 October 2015
Phoenix Mills has acquired entire equity stake held by MTX Hotels, Amitabh Tayal and Priyank Tayal in Gangetic Hotels (GHPL) aggregating to 19.38% of GHPL's equity share capital on 06 October 2015.Accordingly, subsequent to the aforesaid acquisition, in terms of the provisions of the Companies Act, 2013. GHPL has become a subsidiary of the Company with effect from 06 October 2015.
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