Shareholding7 May 2026, 05:11 pm
Phoenix Mills: Shareholding in Mirabel Diluted to 35.49%
AI Summary
The Phoenix Mills Ltd's associate company, Mirabel Entertainment Private Limited, allotted 4,35,000 equity shares via a rights issue. Phoenix Mills did not participate, resulting in its shareholding in Mirabel being diluted from 50.00% to 35.49%. Mirabel remains an associate company. Mirabel's paid-up share capital increased to ₹1,49,90,000.
Key Highlights
- Mirabel Entertainment allotted 4,35,000 equity shares via rights issue.
- Phoenix Mills' stake in Mirabel diluted from 50.00% to 35.49%.
- Phoenix Mills did not participate in Mirabel's rights issue.
- Mirabel's paid-up share capital increased to ₹1,49,90,000.
- Mirabel continues to be an associate company of Phoenix Mills.
Price Impact
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