IGI Logo

Phoenix Mills is currently trading at Rs. 1464.50, up by 65.70 points or 4.70% from its previous closing of Rs. 1398.80 on the BSE.

The scrip opened at Rs. 1410.00 and has touched a high and low of Rs. 1482.40 and Rs. 1403.60 respectively. So far 12808 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2068.15 on 18-Jul-2024 and a 52 week low of Rs. 1,071.93 on 21-Dec-2023.

Last one week high and low of the scrip stood at Rs. 1517.00 and Rs. 1394.50 respectively. The current market cap of the company is Rs. 52368.42 crore.

The promoters holding in the company stood at 47.27%, while Institutions and Non-Institutions held 48.62% and 4.11% respectively.

Phoenix Mills has received approval for incorporation of a wholly owned subsidiary of the company namely Sparkle Three Mall Developers (Sparkle Three). The company shall subscribe to the entire paid-up share capital of Sparkle Three. The incorporation of Sparkle Three shall leverage the growth opportunities and will help the company in expanding its market.

The proposed wholly owned subsidiary to be incorporated in India shall carry out the business of real estate activities. Further, this is in line with the company’s future expansion plans. The Finance and Investment Committee of the Board of Directors of the company at their meeting held on November 14, 2024, has 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.