Phoenix Mills’ subsidiaries -- Palladium Constructions (PCPL) and Gangetic Hotels (GHPL) have received the National Company Law Tribunal’s (NCLT) approval for the Scheme of Amalgamation of GHPL with PCPL with the appointed date of April 1, 2016. The NCLT approved the same at Mumbai and Allahabad on July 20, 2017 and October 24, 2017 respectively.
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.
