Phoenix Mills Q1 Net Profit, Revenue up; Board Approves ₹5,449-Cr Buyout of CPP Stake in ISMDPL

Phoenix Mills Q1 net profit, revenue up; board approves ₹5,449-cr buyout of CPP stake in ISMDPL

The Phoenix Mills announced that its board of directors has approved the proposed buyout of the 49% shareholding held by Canada Pension Plan Investment Board (CPP Investments) in Island Star Mall Developers Private Limited (ISMDPL). Shares of Phoenix Mills Ltd ended at ₹1,456, up by ₹1.70 or 0.12%, on the BSE.

CPPIB Selling Half-Stake in India JV with Phoenix Mills - Mingtiandi

The Canada Pension Plan Investment Board has agreed to sell its 49 percent stake in an India mall joint venture to its partner in the platform, Mumbai-based developer Phoenix Mills, in a deal valued at INR 54.5 billion ($630 million). ... Read More>> The post CPPIB Selling Back Half-Stake in India Mall JV to Phoenix Mills for $630M appeared first on Mingtiandi.

Phoenix Mills Q1 Results: Profit Up 4%, Revenue Rises

The Phoenix Mills Ltd.'s consolidated net profit rose 3.5% in the first quarter of financial year 2026.The company posted a profit of Rs 240.7 crore in the April–June period, as compared to Rs 232.5 crore in the same period last year, according to an exchange filing on Thursday.Phoenix Mills Q1 FY26 Highlights (Consolidated, YoY)Revenue rises 5.4% to Rs 953 crore versus Rs 904 crore.Net profit up 3.5% at Rs 241 crore versus Rs 233 crore.Ebitda g…