Phoenix Mills Postal Ballot Result approves acquisition of shares of other companies

Phoenix Mills Ltd has announced that the consent of the shareholders for the Postal Ballot was taken for granting authority to the Board of Directors under Section 372A of the Companies Act, 1956 for acquisition of Shares of other Bodies Corporate by way of subscription, purchase or otherwise at an aggregate consideration to the extent of approximately Rs 313 Crores and providing Corporate Guarantee to the tune of Rs 55 Crores.

Source : Equity Bulls

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