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Phoenix Mills hikes stake in subsidiary - Offbeat Developers

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Capital Market

From 74.48% to 77.52%

Phoenix Mills announced that on 29 December 2016, the Company has acquired a cumulative equity holding representing 3.04% equity stake in Offbeat Developers, a subsidiary of the Company, from Vistra ITCL (India) and IIRF Holding X. Subsequently to the above transaction, the shareholding of the company in Offbeat Developers has increased from 74.48% to 77.52%.

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First Published: Dec 29 2016 | 7:18 PM IST

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