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Phoenix Mills announces closure of QIP issue

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On 14 July 2015

Phoenix Mills announced that in respect of the QIP, the Capital Raising Committee (the "Committee") of the Board of directors of the Company, at its meeting held on 14 July 2015, inter alia has decided and passed the following resolutions:

1. Approved and declared the closure of the QIP on 14 July 2015;

2. Approved the issuance of upto 7,991,907 equity shares of face value 2 each ('Equity Shares') at an issue price of Rs. 353.60 per Equity Share to be allotted to eligible qualified institutional buyers ("Issue Price '):

3. Approved and adopted the placement document dated 14 July 2015.

 

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First Published: Jul 15 2015 | 9:13 AM IST

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