Tag: Classic Mall development company

The Phoenix Mills to acquire balance 50% stake in its associate company, Classic Mall Development Company Ltd.

The Phoenix Mills Limited (PML), a real estate developer, announced the execution of nonā€binding term sheet to acquire balance 50% equity stake in Classic Mall Development Company Limited (CMDCL) from Crest Ventures Limited and Escort Developers Private Limited (a 100% subsidiary of Crest Ventures Limited). PML currently owns 50% in CMDCL and the balance 50%…