Phoenix Mills’ wholly owned subsidiary - Market City Resources (MCRPL) has acquired 50% stake in Columbus Investment Advisory (CIAPL) on October 4, 2017 for a consideration of Rs 55.50 lakh. Consequent upon the aforesaid acquisition, CIAPL has become an associate of the company through MCRPL with effective from October 4, 2017.
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.
