Phoenix Mills to raise funds up to Rs 1,200 crore
30th Jun 2020

Phoenix Mills has received an approval for the raising of funds for an aggregate amount of up to Rs 1,200 crore through Rights Issue, Preferential Issue, Qualified Institutions Placement, Follow-on Public Offer etc, or through a combination thereof, by issue of securities (equity shares, preference shares, debentures or any other convertible instruments or through combination of any of such securities).

The Board of Directors of the company at their meeting held on June 29, 2020, considered and approved the same.

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.