Phoenix Mills Subsidiary Allots Shares in O2 Renewable XXVIII

The Phoenix Mills Ltd, through its subsidiary Offbeat Developers Private Limited, has received an allotment of Equity Shares and Series B Compulsory Convertible Debentures in O2 Renewable XXVIII Private Limited. This allotment is part of an earlier agreement to meet captive user requirements for renewable energy. Following the allotment on August 19, 2026, The Phoenix Mills Ltd and Offbeat collectively hold a 45.00% equity stake in O2 Renewable XXVIII. The company has also updated its website with this information.