Phoenix Mills has received an approval for issuance of Commercial Papers for an aggregate amount of up to Rs 200 crore, in one or more tranches. The Finance and Investment Committee of the Board of Directors of the Company in its meeting held on December 6, 2017, has approved the same.
India Ratings and Research (Ind-Ra) has granted a rating of ‘A1+’ for issuance of Commercial Papers by the company.
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.
