The Phoenix Mills Limited — JV/Acquisition, 16-04-2025: Acquisition

Alyssum Developers Private Limited has acquired a 45% stake in O2 Renewable Energy XXIX Private Limited by subscribing to 3,82,760 equity shares at Rs. 10 each and 34,450 compulsory convertible debentures at Rs. 1,000 each. This investment reinforces Alyssum's strategic shift towards renewable energy, aiming to enhance sustainability and operational efficiency. The acquisition is expected to bolster future growth in the renewable energy sector, positioning Alyssum to capitalize on the increasing demand for clean energy solutions.