The Phoenix Mills is currently trading at Rs. 729.20, up by 39.65 points or 5.75% from its previous closing of Rs. 689.55 on the BSE.
The scrip opened at Rs. 704.00 and has touched a high and low of Rs. 742.10 and Rs. 704.00 respectively. So far 13138 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 979.50 on 25-Feb-2020 and a 52 week low of Rs. 466.25 on 18-May-2020.
Last one week high and low of the scrip stood at Rs. 703.05 and Rs. 650.65 respectively. The current market cap of the company is Rs. 11843.30 crore.
The promoters holding in the company stood at 45.56 % while Institutions and Non-Institutions held 50.19 % and 4.25 % respectively.
The Phoenix Mills and its subsidiaries, Offbeat Developers, Graceworks Realty and Leisure and Vamona Developers have jointly signed a non-binding Term-sheet with an affiliate of GIC, for formation and development of a strategic retail-led mixed use platform. The Proposed Transaction is subject to execution of definitive agreements by the parties and fulfilment of conditions as may be applicable from time to time.
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.
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