Phoenix Mills gains on incorporating wholly owned subsidiary
The Phoenix Mills is currently trading at Rs. 1725.80, up by 12.70 points or 0.74% from its previous closing of Rs. 1713.10 on the BSE.
The scrip opened at Rs. 1682.05 and has touched a high and low of Rs. 1734.00 and Rs. 1682.05 respectively. So far 1060 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1797.00 on 08-Aug-2023 and a 52 week low of Rs. 1186.45 on 16-Mar-2023.
Last one week high and low of the scrip stood at Rs. 1797.00 and Rs. 1654.50 respectively. The current market cap of the company is Rs. 30602.00 crore.
The promoters holding in the company stood at 47.30%, while Institutions and Non-Institutions held 48.48% and 4.22% respectively.
The Phoenix Mills has incorporated a wholly owned subsidiary viz Casper Realty. The Ministry of Corporate Affairs, Government of India has issued the Certificate of Incorporation on August 4, 2023. Casper Realty has been incorporated in India to carry out the business of real estate activities with owned or leased property. Further, this is in line with the company’s future expansion plans.
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.
