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The Phoenix Mills Ltd. — Capital/Financing Update 2021
Jun 22, 2021
60675_rns_2021-06-22_ef1884ab-eb04-4b5e-8274-56e60d35ddc5.pdf
Capital/Financing Update
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Corp. Office: Shree Laxmi Woolen Mills Estate, 2nd Floor, R.R. Hosiery, Off Dr. E. Moses Rd. Mahalaxmi, Mumbai - 400 011 Tel: (022) 3001 6600 Fax: (022) 3001 6601 CIN No : L17100MH1905PLC000200
June 22, 2021
BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Dalal Street, Fort, Bandra-Kurla Complex, Bandra East, Mumbai- 400 001 Mumbai- 400051 Security code: 503100 Symbol: PHOENIXLTD
Dear Sirs/Madam,
Sub: Investment by CPP Investment Board Private Holdings (4) Inc. (‘CPP Investment’) in Mindstone Mall Developers Private Limited (‘Mindstone’), wholly owned subsidiary of the Company
This is further to our letter dated May 28, 2021, wherein we had informed you that The Phoenix Mills Limited (‘Company’) , Canada Pension Plan Investment Board through its entity viz. CPP Investment Board Private Holdings (4) Inc. (‘CPP Investment’) and Mindstone Mall Developers Private Limited, (‘Mindstone’) , a wholly owned subsidiary company, had on 28[th] May, 2021 executed Securities Subscription Agreement (“SSA”) and Shareholders Agreement (‘SHA’) for investment of Rs.384 crores by CPP Investment in two tranches through a mix of compulsorily convertible debentures (CCDs) and equity shares, subject to fulfillment of the terms and conditions contained in the definitive agreements.
In accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that CPP Investment has, on June 22, 2021, completed its first tranche of investment in Mindstone on private placement basis aggregating to ₹ 180 crore by subscribing to 11,682 Equity Shares having face value of ₹ 10/- at a premium of ₹ 2,940.5535 per Equity Share amounting to ₹ 3,44,68,366/- and 17,65,53,164 Compulsorily Convertible Debentures- Series B having face value of ₹ 10/- at par, amounting to ₹ 1,76,55,31,640/-.
We request you to take the above information on record.
Thanking you,
Yours faithfully,
for The Phoenix Mills Limited
Gajendra Digitally signed by Gajendra Mewara Mewara Date: 2021.06.22 19:21:51 +05'30' Gajendra Mewara Company Secretary
Regd. Office : The Phoenix Mills Ltd., 462 Senapati Bapat Marg, Lower Parel, Mumbai 400 013. Tel : (022) 2496 4307 / 8 / 9 Fax : (022) 2493 8388 E-mail : [email protected] www.thephoenixmills.com