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CRISIL assigns ‘A-/Stable’ rating to Phoenix Mills’ arm

28 Mar 2018 Evaluate

Phoenix Mills’ subsidiary - Pallazzio Hotels & Leisure has been assigned ‘A-/Stable’ rating by CRISIL for the Bank facilities availed by the company.

The rating reflects the strong financial and healthy operating performance of ‘The St. Regis, Mumbai'.

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.

Peers
Company Name CMP
Lodha Developers 1064.00
Prestige EstatesProj 1412.65
Dilip Buildcon 395.05
DLF 646.50
Oberoi Realty 1697.70
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