The Phoenix Mills Limited — JV/Acquisition, 11-03-2026: Acquisition

Phoenix Mills' subsidiary Classic Mall has finalized a strategic move, acquiring a 34.23% stake in Torrent Urja 22 Private Limited. This deal, valued at approximately Rs. 7.02 Cr, involves subscribing to 70,19,386 Class A Equity Shares. The core rationale is to secure a stable and sustainable renewable energy supply from a captive generating plant. This investment directly supports Phoenix Mills' operational efficiency and environmental targets, ensuring access to green power for its facilities. A smart move for long-term energy security.