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Phoenix Mills Ltd. ( (IN:PHOENIXLTD) ) has issued an announcement.
Phoenix Mills Ltd. announced that its subsidiary, Pallazzio Hotels & Leisure Limited, has acquired a 45% equity stake in O2 Renewable Energy XXX Private Limited. This acquisition, involving equity shares and convertible debentures, is part of a strategic move to secure renewable energy for its operations, reflecting the company’s commitment to sustainable energy solutions and potentially enhancing its market position in the renewable energy sector.
More about Phoenix Mills Ltd.
Phoenix Mills Ltd. operates in the real estate and retail industry, focusing on developing and managing retail malls, commercial spaces, and hospitality projects. The company is known for its significant presence in the Indian market, particularly in urban centers, and aims to enhance its portfolio through strategic acquisitions and partnerships.
Average Trading Volume: 29,095
Technical Sentiment Signal: Hold
Current Market Cap: 539.6B INR
See more insights into PHOENIXLTD stock on TipRanks’ Stock Analysis page.