Phoenix Mills has issued Commercial Papers (CPs) of Rs 75 crore on December 14, 2017. The tenure of the investment is 90 days and date of maturity will be March 14, 2018. The coupon interest offered will be 7.2% per annum.
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.