Phoenix Mills

Stocks to watch: From SpiceJet to Indian Oil Corporation, here are top stocks likely to be in action in Monday's trading session

Malls usually sign 9-year agreements with retailers with a rental hike of 15 per cent

Stocks to Watch Today: Dabur India promoters, the Burman family, sold 1 per cent stake in the company through a block deal on Tuesday.

Brokerages expect double digit earnings growth over the next three years

Among the realty pack, Indiabulls Real Estate trades in a bear grip, while Brigade and Phoenix Mills may see an upside of 14 per cent.

Company's recovery and expansion after impact of Covid-19 expected to improve rentals and occupancies

Capital infusion, lower debt will help execute expansion plan

Currently, it has 6.9 million (mn) sq. ft of malls in cities such as Mumbai, Pune, and Beng­aluru, among others

In a Q&A, Shishir Shrivastava says his firm should start hitting the consumption trajectory of FY20 within 30-40 days

GIC, Singapore's sovereign wealth fund and Phoenix Mills, have entered into a strategic partnership to establish an investment platform for retail‐led mixed‐use assets in India

GIC will acquire minority stake in PML's portfolio of retail‐led mixed‐use properties

Phoenix Mills Ltd and GIC have partnered to establish a $733 mn investment platform for retail-led mixed-use assets in India

CPP Investments would invest Rs 560 crore (C$93 million) in Mindstone Mall Developers (Mindstone) in tranches, for an equity stake of 49%

Amid second wave of Covid-19 in India, analysts believe investors will be better off if they avoid QSR, multiplex, or travel-related stocks till the situation improves

Shishir Shrivastava, MD of Phoenix Mills, talks about about the rationale behind the new venture with Singapore-based GIC.

The assets include Phoeix Mills' Mumbai (Kurla), Pune malls and Mumbai (Kurla) offices having a total leasable area of 3.36 million sq ft

While the company has cash to sustain operations, near term revenues will take a hit

By 9:40 am, a combined 2.44 crore shares had changed hands on the counter on NSE and BSE

Phoenix Mills said it intends to use the net proceeds towards funding growth opportunities including investing in existing and proposed business ventures, acquisitions, & debt service obligation

The company's board has already taken an enabling resolution from shareholders to raise as much as Rs 1,200 crore