Phoenix Mills announces opening of QIP issue

Floor price is Rs 372.20

Phoenix Mills announced that the Capital Raising Committee (the "Committee") of the Board of directors of the Company at its meeting held on 09 July 2015 has passed the following resolutions:

- Approved and declared the opening of the QIP on 09 July 2015;

- Approved and taken on record the floor price in respect of the QIP, based on the pricing formula as prescribed under Regulation 85 of the ICDR Regulations being, Rs. 372.20 per Equity Share. The Committee may also offer a discount of upto and not more than 5% of the floor price at the time of determination of the Issue Price in accordance with the ICDR Regulations; and

- Approved and taken on record, the 'relevant date' for this purpose, in terms of Regulation 81(c)(i) of the ICDR Regulations, as 09 July 2015.

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