For consideration of Rs 26.03 cr
Phoenix Mills announced that the company's wholly owned subsidiary namely i.e. Phoenix Logistics and Industrial Parks ('PLIPPL') has completed the acquisition of 100% equity shares of Janus Logistics and Industrial Parks pursuant to a Share Purchase Agreement ('SPA') dated 16 January, 2023 for an aggregate consideration of Rs. 26.03 crore.Accordingly, Janus Logistics and Industrial Parks has become a wholly owned subsidiary of PLIPPL and a step down wholly owned subsidiary of the Company with effect from 16 January, 2023. Janus owns a land parcel admeasuring approximately 33 acres situated at village Kabulpur, District, Faridabad and village Losighani, District Sohna, in the state of Haryana.
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