The Phoenix Mills Ltd arm acquires stake in Janus Logistics and Industrial Parks Pvt Ltd

The Phoenix Mills Limited's wholly owned subsidiary namely i.e. Phoenix Logistics and Industrial Parks Private Limited ('PLIPPL') has completed the acquisition of 100% equity shares of Janus Logistics and Industrial Parks Private Limited pursuant to a Share Purchase Agreement ('SPA') dated 16th January, 2023 for an aggregate consideration of Rs. 26.03 crore.

Accordingly, Janus Logistics and Industrial Parks Private Limited ("Janus") has become a wholly owned subsidiary of PLIPPL and a step down wholly owned subsidiary of the Company with effect from 16th January, 2023. Janus owns a land parcel admeasuring approximately 33 acres situated at village Kabulpur, District, Faridabad and village Losighani, District Sohna, in the state of Haryana.

Shares of The Phoenix Mills Limited was last trading in BSE at Rs. 1451.95 as compared to the previous close of Rs. 1436.65. The total number of shares traded during the day was 1472 in over 491 trades.

The stock hit an intraday high of Rs. 1456.30 and intraday low of 1408.55. The net turnover during the day was Rs. 2135191.00.

Source : Equity Bulls

Keywords

ThePhoenixMills INE211B01039 Realty PhoenixLogisticsandIndustrialParks Acquisition JanusLogisticsandIndustrialParks