Phoenix Mills rises as its arm gets nod to acquire land parcel in Thane
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The Phoenix Mills is currently trading at Rs. 2097.05, up by 7.85 points or 0.38% from its previous closing of Rs. 2089.20 on the BSE.
The scrip opened at Rs. 2106.05 and has touched a high and low of Rs. 2123.45 and Rs. 2050.00 respectively. So far 5004 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2,123.45 on 09-Nov-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. 2123.45 and Rs. 1959.30 respectively. The current market cap of the company is Rs. 37161.36 crore.
The promoters holding in the company stood at 47.29%, while Institutions and Non-Institutions held 48.52% and 4.18% respectively.
Phoenix Mills’ wholly owned subsidiary -- Sparkle Two Mall Developers has received approval for acquisition of a land parcel owned by Huhtamaki India (Seller), situated at Majiwada Junction, LBS Marg, Near G G Corporation, Village Majiwada, Taluka Thane, District Thane for an aggregate consideration of Rs 429 crore through the execution of four conveyance deeds.
The Purchaser has paid an amount of Rs 400.87 crore under two conveyance deeds. Out of an amount of approximately Rs 28.13 crore due under the other two conveyance deeds, an amount of Rs 5.95 crore has been paid, with the balance amount being payable upon fulfilment of the conditions agreed upon by and between the parties.
