The Phoenix Mills Limited updates on selective reduction of ISMDPL equity capital
Phoenix Mills · Realty
Key highlights
- NCLT Mumbai approved on Oct 27, 2026, cancellation of 3.26 crore equity shares of ISMDPL held by CPP Investments
- ISMDPL paid ₹1350 crore as consideration for share capital reduction on Nov 12, 2026
- Phoenix Mills share in ISMDPL increased from 58.33% to 68.10%, CPP Investments decreased from 41.67% to 31.90%
Original filing
Announcement under Regulation 30 (LODR)-Updates on Acquisition
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More from Phoenix Mills
- Acquisition / mergerNotablePhoenix Mills' stake in Island Star Mall Developers rises to 68.1% on NCLT approval
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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.