Categories
Executive Movements

The Phoenix Mills appoints Gautam Srivastava as Director & Head – HR

The Phoenix Mills, a real estate developer, has appointed Gautam Srivastava as Director and Head of HR, according to ETHRWorld report. “I am delighted to share that I have assumed the role of Director & Head of HR at The Phoenix Mills Ltd. I am passionate about the people transformation journey ahead, aligning HR strategies […]

Categories
Acquisition

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 non‐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% […]

Categories
Investment

GIC and The Phoenix Mills establish a retail‐led mixed‐use investment platform in India with an initial portfolio of $733 mn

GIC, Singapore’s sovereign wealth fund, and The Phoenix Mills Limited (PML) have entered into a strategic partnership to establish an investment platform (the Joint Venture) for retail‐led mixed‐use assets in India. This platform will seek to develop, own, and operate retail‐led, mixed‐use developments in India, the statement said. GIC will acquire a significant minority stake […]