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The Phoenix Mills Ltd. — Capital/Financing Update 2021
Dec 10, 2021
60675_rns_2021-12-10_2dd808f7-4f7e-46a2-a312-56b8d1a0da94.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
December 10, 2021
To,
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 Sir(s),
Sub: Execution of Second Further Funding Subscription Agreement and Investment by The Phoenix Mills Limited (‘Company’) and Canada Pension Plan Investment Board (‘CPPIB’) in Island Star Mall Developers Private Limited (‘ISML’), a subsidiary Company
In accordance with Regulation 30(6) read with schedule III and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that The Phoenix Mills Limited (‘Company’) , its subsidiary company Island Star Mall Developers Private Limited (‘ISML’) and Canada Pension Plan Investment Board (‘CPPIB’) have executed a Second Further Funding Subscription Agreement (‘Subscription Agreement’) for the infusion of up to Rs.700 Crores towards subscription of Equity Shares of the ISML on Rights basis for deployment towards construction and development of the on‐going projects of its subsidiaries at Wakad‐ Pune, Hebbal‐ Bangalore and Indore‐ Madhya Pradesh and for other mutually agreed purposes. Further, pursuant to the Subscription Agreement, the Company and CPPIB have subscribed to equity shares of ISML for Rs. 700 crores in the aggregate on a rights basis and completed their respective investment obligations. .
For your information, the Company and CPPIB had earlier in April 2017, entered into definitive agreements to develop, own and operate retail led mixed used developments across India and pursuant to which CPPIB had acquired 49% holding in ISML with 51% being held by the Company.
Pursuant to the aforesaid subscription to equity shares on a rights basis by the Company and CPPIB, there is no change in the shareholding of the Company and CPPIB in ISML and they continue to hold 51% and 49% stake respectively.
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
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
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: 2021.12.10 21:18:28 +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