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Phoenix Mills acquired CPP Investments' 49% stake in Island Star Mall Developers Private Limited (ISMDPL) for Rs. 5,449 Cr, payable over 36 months. This move consolidates ownership, aiming to unlock significant value from the platform's 6.6M sq ft portfolio and planned expansions. For Q1 FY26, retail consumption grew 12% YoY, though rental income rose 4% to Rs. 506 Cr due to strategic repositioning. Hotel revenue increased 11% and EBITDA 19%. The company targets 90% office occupancy by 2026. This full ownership enhances operational flexibility and cash flow access.