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The Phoenix Mills’ stake in Island Star Mall Developers rises after Rs 1350 crore deal
(12-Nov-2026, 14:25 Hours IST)  

The Phoenix Mills Limited announced that Island Star Mall Developers Private Limited has completed the selective reduction of equity share capital, as approved by the National Company Law Tribunal, Mumbai Bench, on October 27, 2026, involving the cancellation of 3,25,69,360 equity shares held by Canada Pension Plan Investment Board for a consideration of Rs 1350 crore, increasing The Phoenix Mills Limited’s shareholding in Island Star Mall Developers Private Limited from 58.33% to 68.10% and decreasing Canada Pension Plan Investment Board’s stake from 41.67% to 31.90%.
Thursday, November 12, 2026 03:06:00 PM
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