Phoenix Mills has acquired entire shareholding of Fuhse River representing 0.94% equity stake in Alliance Spaces (ASPL) on September 8, 2017. Consequent upon the aforesaid acquisition, the company’s effective shareholding in ASPL has increased from 74.09% to 75.03%.
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.