The Phoenix Mills Limited board approves raising of Rs. 1200 crore

The Board of Directors of The Phoenix Mills Limited ("Company") at their meeting held today viz. Monday, June 29, 2020, considered and approved raising of funds for an aggregate amount of up to Rs. 1,200 Crores through Rights Issue, Preferential Issue, Qualified Institutions Placement, Follow-on Public Offer, etc., or through a combination thereof, by issue of securities (equity shares, preference shares, debentures or any other convertible instruments or through combination of any of such securities), subject to requisite shareholders' / regulatory / statutory approvals.

Shares of The Phoenix Mills Ltd was last trading in BSE at Rs.584.5 as compared to the previous close of Rs. 598.8. The total number of shares traded during the day was 1239 in over 280 trades.

The stock hit an intraday high of Rs. 614.55 and intraday low of 582.05. The net turnover during the day was Rs. 737429.

Source : Equity Bulls

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