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