Last month, the company's shareholders had given their nod to raise up to Rs 1,000 crore via qualified institutional placement (QIP), which started on July 9 and closed on July 14.
The company issued 79 lakh shares at an issue price of Rs 353.60 per share, Phoenix Mills said in a BSE filing.
The company's board has approved the issuance and allotment of 79,91,907 equity shares of Rs 2 each fully paid-up at an issue price of Rs 353.60 per share, including a premium of Rs 351.60 per equity share aggregating to Rs 282,59,38,315.20, it added.
Shares of the company today closed 1.49 per cent higher at Rs 375.65 apiece on the BSE.
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