The Phoenix Mills Limited — Updates, 24-07-2025: Press Release

Phoenix Mills (PML) will acquire the remaining 49% stake in its key subsidiary, Island Star Mall Developers (ISMDPL), from CPP Investments for approximately Rs. 5,449 Cr. This increases PML's ownership to 100%, consolidating high-quality retail-led assets. The deal, payable over 36 months, is expected to be earnings-accretive, funded by ISMDPL's internal accruals and leverage. ISMDPL reported Rs. 617 Cr EBITDA in FY25, with future growth from new office leasing, retail expansion, and hotel developments. This move significantly strengthens PML's cash flows and market position.