Phoenix Mills Gains After CPPIB Pumps In Rs 938 Crore
Shares of the Mumbai-based real estate developer rose as much as 4 percent to Rs 597.85 after Canada Pension Plan Investment Board (CPPIB) invested Rs 938 crore for acquiring additional 19 percent stake in Island Star Mall Developers Private Limited (ISMDPL).
CPPIB has increased its investment into ISMDPL to a total of Rs 1,662 crore, for 49 percent ownership stake.
