The Phoenix Mills Limited — JV/Acquisition, 29-07-2026: Acquisition

Phoenix Mills, with subsidiary Offbeat Developers, is investing ₹5.77 Cr to acquire up to 45% in O2 Renewable Energy XXVIII. This strategic move is for captive renewable energy generation. Phoenix Mills will consume solar power from O2 Renewable XXVIII, helping them meet energy needs sustainably and potentially reducing long-term operational costs. This ensures compliance with captive user requirements and marks a clear step towards green energy adoption for operational efficiency.