Phoenix Mills hikes stake in ISMDPL to 100%

The Phoenix Mills Ltd. | Construction - Real Estate | Construction & Infrastructure | BSE: 503100 | NSE: PHOENIXLTD

29 Dec 2016 Evaluate

Phoenix Mills has acquired 8.72% equity stake in Island Star Mall Developers (ISMDPL) from Pinnacle Real Estate Development (PREDPL) on December 28, 2016. Subsequent to the aforesaid acquisition, the direct equity stake of the company in ISMDPL has increased from 91.28% to 100% and ISMDPL continues to remain a wholly owned subsidiary of the company.

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.

Peers

Company Name	CMP
Lodha Developers	1115.10
Prestige EstatesProj	1458.00
Dilip Buildcon	425.25
DLF	631.05
Oberoi Realty	1778.00
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.