Phoenix Mills is currently trading at Rs. 3280.00, showing an increase of 9.45 points or 0.29% from its previous close of Rs. 3270.55 on the BSE.

The stock opened at Rs. 3280.00 and reached a high of Rs. 3326.35 and a low of Rs. 3254.10. A total of 2997 shares have been traded so far.

This BSE group 'A' stock, with a face value of Rs. 2, achieved a 52-week high of Rs. 4136.30 on July 18, 2024, and a 52-week low of Rs. 1654.50 on August 10, 2023. Over the past week, it touched a high of Rs. 3598.55 and a low of Rs. 3110.85. The company's market capitalization stands at Rs. 59022.24 crore.

The promoters hold a 47.27% stake in the company, while institutions and non-institutions hold 48.74% and 3.98% respectively.

Astrea Real Estate Developers (Astrea), a subsidiary of Phoenix Mills, has finalized the acquisition of 100% equity share capital in six entities: Dhanalakshmi Engineering (DEPL), Pulankinar Investment and Finance (PIFPL), Coimbatore Sameera Investments (CSIPL), Shanthi Chandran Enterprises (SCEPL), Shanthi Chandran Investments Coimbatore (SCICPL), and Sheela Traders (STPL). These acquisitions were completed through Share Purchase Agreements (SPAs) dated August 07, 2024.

As a result, these entities have become wholly owned subsidiaries of Astrea and stepdown subsidiaries of Phoenix Mills as of August 07, 2024. The acquired entities, which are land-owning companies, collectively hold 7.08 acres of land in Coimbatore. Additionally, Astrea directly acquired 1.95 acres of land from individual sellers.

This acquisition aligns with Astrea’s core business of acquiring land for retail-led mixed-use developments, supporting the expansion of the company’s business operations.

Phoenix Mills specializes in property development in India, focusing on project planning, execution, marketing, property rental and management, and the sale and maintenance of completed properties.