Phoenix Mills Ltd approves allotment under QIP

In respect of the QIP, the Capital Raising Committee (the "Committee") of the Board of directors of Phoenix Mills Ltd, at its meeting held on July 17, 2015, has approved the issuance and allotment of 79,91,907 Equity Shares of Rs. 2 each fully paid-up at an Issue Price of Rs. 353.60 per share (including a premium of Rs. 351.60 per Equity Share) aggregating to an amount of Rs. 2825,938,315.20.

Consequent upon the aforesaid allotment of the above shares, the equity share capital of the Company stand increased from present level of 144,996,945(Nos.) to 152,988,852(Nos.) Equity Shares of Rs. 2/- each.

Shares of The Phoenix Mills Ltd was last trading in BSE at Rs.379.4 as compared to the previous close of Rs. 370.15. The total number of shares traded during the day was 853 in over 95 trades.

The stock hit an intraday high of Rs. 379.4 and intraday low of 374.15. The net turnover during the day was Rs. 321421.

Source : Equity Bulls

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