Phoenix Mills’ wholly owned subsidiary -- Phoenix Logistics and Industrial Parks (PLIPPL), Macrotech Developers (MDL) and Janus Logistics and Industrial Parks (Janus), wholly owned subsidiary of PLIPPL, have entered into Share Purchase Agreement (SPA) for the sale of Equity Shares held in Janus.
Pursuant to the said SPA, PLIPPL on November 29, 2024 has transferred 100% equity shares held by it in Janus to MDL. Consequent to the said transaction, Janus has ceased to be a direct wholly owned subsidiary of PLIPPL and step down wholly owned subsidiary of the company with effect from November 29, 2024.
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.
