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Phoenix Mills rises on receiving approval to raise Rs 282.59 crore through private placement

20 Jul 2015 Evaluate

Phoenix Mills is currently trading at Rs. 383.00, up by 7.35 points or 1.96% from its previous closing of Rs. 375.65 on the BSE.

The scrip opened at Rs. 380.00 and has touched a high and low of Rs. 383.00 and Rs. 380.00 respectively.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 415.80 on 29-Dec-2014 and a 52 week low of Rs. 314.00 on 28-Aug-2014.

Last one week high and low of the scrip stood at Rs. 383.00 and Rs. 358.00 respectively. The current market cap of the company is Rs. 5,553.00 crore.

The promoters holding in the company stood at 65.93% while Institutions and Non-Institutions held 28.46% and 5.61% respectively.

Phoenix Mills, a real estate developer, has received an approval to raise Rs 282.59 crore through private placement of shares to institutional investors. The Capital Raising Committee of the board of director at its meeting held on July 17, 2015 has approved for the same.

The company received approval for issuance and allotment of 79,91,907 equity shares of Rs 2 each fully paid-up at an issue price of Rs 353.60 per share (including a premium of Rs 351.60 per equity share).

Phoenix Mills is engaged in property development in India. Its activities include planning, execution, and marketing of projects, property rental and management, and maintenance and sale of the completed properties.


Phoenix Mills Share Price

1830.00 -8.35 (-0.45%)
07-May-2026 12:17 View Price Chart
Peers
Company Name CMP
Lodha Developers 951.50
Dilip Buildcon 476.90
DLF 616.45
Oberoi Realty 1670.75
Ahluwalia Contract(I 850.35
View more..

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