Phoenix Mills is currently trading at Rs. 415.50, up by 13.90 points or 3.46% from its previous closing of Rs. 401.60 on the BSE.
The scrip opened at Rs. 410.00 and has touched a high and low of Rs. 415.50 and Rs. 410.00 respectively.
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. 285.05 on 15-Nov-2016.
Last one week high and low of the scrip stood at Rs. 426.45 and Rs. 398.95 respectively. The current market cap of the company is Rs. 6,359.93 crore.
The promoters holding in the company stood at 62.86%, while Institutions and Non-Institutions held 33.16% and 3.99% respectively.
Phoenix Mills has entered into a Share Purchase Agreement (SPA) for the acquisition of the entire 5.36% equity shareholding of HBS Realtors (HBS) in Offbeat Developers (ODPL). The proposed acquisition by the company will be effected on the terms and conditions contained in the SPA.
Further, the company has entered into SPA to acquire entire equity shareholding of IIRF Holdings X (IIRF), Vistra ITCL (India) (Vistra) and Eder River (Eder River), representing a cumulative stake of 11.05% in ODPL.
Subsequent to the completion of all the aforesaid transactions with HBS, IIRF, Vistra and Eder River, the shareholding of the company in ODPL will increase from 83.59% to 100% and ODPL will become 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.
| Company Name | CMP |
|---|---|
| Lodha Developers | 827.75 |
| Dilip Buildcon | 434.80 |
| DLF | 569.60 |
| Oberoi Realty | 1671.50 |
| Ahluwalia Contract(I | 782.75 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: