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Phoenix Mills provides update on scheme of amalgamation of subsidiaries

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Capital Market

Boards of Palladium Constructions and Gangetic Hotels approve scheme of amalgamation

Phoenix Mills announced that the Company have been informed by the Company's subsidiaries, Palladium Constructions (PCPL) and Gangetic Hotels (GHPL) that their Board of Directors in their respective meetings held on 11 January 2017 have approved a Scheme of Amalgamation of GHPL with PCPL with the appointed date of 01 April 2016. The Scheme is subject to the approval of the National Company Law Tribunal at Mumbai and Allahabad and all other regulatory approvals.

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First Published: Jan 12 2017 | 6:07 PM IST

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