MoneyWorks4Me

Phoenix Mills has acquired entire shareholding of Fulda River representing 15.95% equity stake in Alliance Spaces (ASPL) on September 4, 2017. The company has also acquired entire shareholding of K2A Hospitality (K2A) representing 16.26% equity stake in ASPL on September 5, 2017.

Further, the company has acquired entire 5.12% shareholding of Crest Ventures (CVL), an equity shareholder in ASPL on September 5, 2017. Consequent upon the aforesaid acquisitions, the company’s effective shareholding in ASPL has increased from 36.76% to 74.09%.

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 1064.00
Prestige EstatesProj 1412.65
Dilip Buildcon 395.05
DLF 646.50
Oberoi Realty 1697.70
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