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Phoenix Mills rises on hiking stake in ASPL to 36.76%

16 Dec 2016 Evaluate

Phoenix Mills is currently trading at Rs. 371.00, up by 4.85 points or 1.32% from its previous closing of Rs. 366.15 on the BSE.

The scrip opened at Rs. 370.00 and has touched a high and low of Rs. 378.00 and Rs. 363.05 respectively. So far 544 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 445.00 on 08-Sep-2016 and a 52 week low of Rs. 238.30 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 411.85 and Rs. 363.05 respectively. The current market cap of the company is Rs. 5671.13 crore.

The promoters holding in the company stood at 62.86%, while Institutions and Non-Institutions held 33.31% and 3.83% respectively.

Phoenix Mills has acquired 3.75% equity stake of ASPL from K2A on December 14, 2016. Subsequent to the above transaction, the effective shareholding of the company in ASPL has increased from 33.01% to 36.76%. The company had earlier entered into a Share Purchase Agreement (SPA) on December 7, 2016 for acquisition of the entire 20.01% shareholding of K2A Hospitality (K2A), an equity shareholder in Alliance Spaces (ASPL).

The acquisition by the company of the balance shares held by K2A in ASPL will also be effected on the terms and conditions mutually agreed between the company and K2A and will be subject to fulfillment of certain conditions precedent and other independent conditionalities contained in the SPA.

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

1780.55 32.95 (1.89%)
15-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 861.00
Dilip Buildcon 453.10
DLF 587.70
Oberoi Realty 1706.10
Ahluwalia Contract(I 817.85
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