Others

Acquisition of stake in Classic Mall Development Company Private Limited

| Updated on August 13, 2013 Published on August 13, 2013

With reference to the earlier announcement dated July 31, 2012 about the Companys Board had approved the proposal to buyout the stake of Kshitij Venture Capital Fund ("Kshitij") in Classic Mall Development Company Private Limited (Classic Mall) and Classic Housing Projects Private Limited (Classic Housing), jointly with Sharyans Resources Limited (Sharyans), another shareholder in the said Companies, Phoenix Mills Ltd has now informed BSE that the Board of Directors of Classic Mall and Classic Housing have now approved the above said transfer of Kshitijs shareholding in Classic Mall and Classic Housing in favour of the Company and Sharyans, pursuant to which Classic Mall has become a subsidiary of the Company.

Source : BSE - >www.bseindia.com

Published on August 13, 2013
This article is closed for comments.
Please Email the Editor