Phoenix Mills' stake in Island Star Mall Developers rises to 68.1% on NCLT approval
Phoenix Mills · Realty
What the filing says
- NCLT Mumbai Bench order dated October 27, 2026 approved selective reduction of ISMDPL capital by cancelling 3,25,69,360 equity shares held by CPP Investments
- Consideration of Rs. 1350,00,00,000 by ISMDPL in cash is to be paid within 30 days of filing the certified NCLT order with the RoC
- Company's shareholding in ISMDPL increased from 58.33% to 68.10% and CPP Investments' decreased from 41.67% to 31.90%, per the filing
Why it's rated notable: amount is ₹500 crore or more
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Announcement under Regulation 30 (LODR)-Acquisition
Read the filing on BSE (PDF) →Companies guiding to strong growth
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Potential multibaggers · Q2 FY27
Potential multibaggers in Realty
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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.