The Phoenix Mills Limited — JV/Acquisition, 29-08-2025: Acquisition

Phoenix Mills' subsidiary, Pallazzio Hotels & Leisure, has completed a strategic investment of Rs 4.73 Cr in O2 Renewable Energy XXX Private Limited, securing a 45% equity stake. This move is crucial for Phoenix Mills as it enables the purchase of renewable energy directly from a captive generating plant. This investment strengthens the company's energy independence, enhances its sustainability initiatives, and represents a key step towards backward integration. It aims to ensure a reliable and green power supply for its operations.