Phoenix Mills has acquired the 4.98% equity stake of Eder River on September 4, 2017 in Offbeat Developers (ODPL). Subsequent to this acquisition, the shareholding of the company in ODPL has increased from 88.95% to 93.93%.
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.