Phoenix Mills Credit Rating

Phoenix Mills Acquisition Worth ₹1,350 Cr

NCLT Mumbai approved Island Star Mall Developers' Rs 1,350 Crore buyback of CPP Investments' shares. Phoenix Mills' stake in the subsidiary rises from 58.33% to 68.10%.

Value

₹1,350 Cr

Execution

Consideration to be paid within 30 days of filing the certified NCLT order with the Registrar of Companies

Phoenix Mills Board Meeting Date

The Phoenix Mills scheduled a board meeting on 30 October 2026 to consider unaudited standalone and consolidated results for the quarter and half year ended September 2026. The trading window stays closed until 48 hours after results.

Phoenix Mills Employee Stock Options

Phoenix Mills allotted 14,296 shares under its 2018 ESOP plan upon option exercise. No exercise price is disclosed in the filing.

Phoenix Mills Merger & Restructuring

The Phoenix Mills Limited announced the amalgamation of its subsidiary, Truevalue Infrabuild Private Limited, into another subsidiary, SGH Realty Private Limited, to simplify the business structure.

Phoenix Mills Other Announcement

The company will consolidate operational business metrics into its quarterly financial results, discontinuing the separate quarterly operational update starting from Q2 and H1 FY27.

Phoenix Mills Annual General Meeting

The Phoenix Mills Ltd held its 121st AGM on September 28, 2026. The meeting transacted ordinary business, including the adoption of financial statements and dividend declaration.

GSPL Transmission Credit Rating

CARE Ratings assigned GSPL Transmission a CARE AA+ rating on bank facilities with a stable outlook. The rating cites nil debt and strong liquidity.

Meghmani Organics Credit Rating

India Ratings assigned Meghmani Organics' bank loan facilities of INR 11,000 million a rating of IND A/Stable/IND A1. The filing encloses the rating letter and a facilities breakup.

JSW Cement Credit Rating

CRISIL reaffirmed JSW Cement's long-term rating at AA-/Stable and its short-term ratings at A1+. No new borrowing or fund raise is announced.

Tejas Networks Credit Rating

ICRA reaffirmed Tejas Networks' [ICRA]A+(Stable) long-term rating and [ICRA]A1+ short-term rating. The rating covers Rs.6,000 Crore of credit facilities and a Rs.500 Crore CP programme.

HDB Financial Services Credit Rating

CARE Ratings reaffirmed HDB Financial Services' AAA rating with Stable outlook across its debt instruments. Its A1+ short-term rating was also reaffirmed.

Asian Energy Services Credit Rating

Asian Energy Services Limited disclosed that CRISIL maintained its 'Watch Developing' rating on INR 317.5 Crore of bank facilities. The watch continues pending final Ministry of Petroleum approval for the merger of its parent, Oilmax Energy.