Phoenix Mills acquires 19.38% stake holding in Gangetic Hotels

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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