Page 3 - Phoenix Mills

Will exploit future acquisitions with Singapore-based GIC: Phoenix Mills MD

Shishir Shrivastava, MD of Phoenix Mills, talks about about the rationale behind the new venture with Singapore-based GIC.

Phoenix Mills signs term sheet with GIC for mixed-use retail platform

The assets include Phoeix Mills' Mumbai (Kurla), Pune malls and Mumbai (Kurla) offices having a total leasable area of 3.36 million sq ft

Phoenix Mills: Resumption uncertainty to keep stock under pressure

While the company has cash to sustain operations, near term revenues will take a hit

Phoenix Mills tanks 8% as nearly 11% equity changes hands via block deal

By 9:40 am, a combined 2.44 crore shares had changed hands on the counter on NSE and BSE

Phoenix Mills up 6% on Rs 1,100 cr QIP; Govt of Singapore picks 4.3% stake

Phoenix Mills said it intends to use the net proceeds towards funding growth opportunities including investing in existing and proposed business ventures, acquisitions, & debt service obligation

Phoenix Mills to raise Rs 1,200 cr via qualified institutional placement

The company's board has already taken an enabling resolution from shareholders to raise as much as Rs 1,200 crore

Phoenix Mills doesn't see itself returning to normalcy before FY22

Firm is readying a war chest to pay back debt or buy new properties

Post lockdown, Phoenix launches Rs 1,000-cr shopping mall in Lucknow

Spread over an area of 13.5 acres, Phoenix Palassio has a built-up area of a million sq ft and will house 300 stores

Extended lockdown, slow recovery to dent Phoenix Mills' revenues

35% correction and long-term growth plans keep brokerages positive

Who owns what: Portfolio of developers who could bear brunt of lockdown

Office property segment is expected to fare better compared with others, though new leasing is expected to come down sharply. Hotels are also expected to see sharp drop in revenues.

Phoenix Mills seems to be firing on all cylinders; investors rejoice

Its crown jewels - High Street Phoenix and Palladium - clocked an average trading density of Rs 3,620 per sq ft per month last quarter

Stock picks from HDFC Securities: Buy Gujarat Gas, Phoenix Mills

Technical calls from Vinay Rajani, Technical & Derivatives Analyst, HDFC securities.

Sobha, Indiabulls Real Estate gain up to 5% as FM hints at booster dose

The real estate sector has been struggling for the last three years and has not revived since demonetisation and the introduction of good and services tax (GST).

Mall rentals, consumption push Phoenix Mills' consolidated Q1 PAT up by 40%

Q1 retail rental income up by 15% at Rs 2.4 billion; mixed performance in hotel vertical

Phoenix Mills to double mall portfolio

Recently, Phoenix Mills bought an under-construction mall in Indore's MR 10 area for Rs 235 crore

Phoenix Mills buys Indore mall for Rs 235 cr

The mall was bought in an auction conducted by JM Financial Asset Reconstruction Company

CPPIB, Phoenix Mills form investment platform

CPPIB will initially own 30% of the platform with an equity commitment of around Rs 724 crore

Phoenix Mills looks to sell stakes in two malls

Likely to use the proceeds to develop new malls as well as acquire new properties