MoneyWorks4Me

Phoenix Mills has acquired entire shareholding of Werra River representing 7.96% equity stake in Vamona Developers (VDPL) on September 4, 2017.

The company has entered into a Share Purchase Agreement (SPA) with Crest Ventures (CVL) on September 4, 2017 for acquisition of their entire 5% shareholding in VDPL. Pursuant to the said SPA, the company has acquired entire 5% equity shareholding of CVL on September 5, 2017.

Consequent upon acquisition of the aforesaid shares, the company’s cumulative equity shareholding in VDPL has increased from 86.55% to 99.51%.

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
View more..