The Phoenix Mills (PML) said that its wholly owned subsidiary, Casper Realty, has been declared the highest bidder for two prime city-centric plots in Mohali, Punjab. The said plot measuring approximately 13.14 acres in total and it is located in Sector 62, near YPS Chowk in Sahibzada Ajit Singh Nagar (Mohali). They were auctioned by the Greater Mohali Development Authority (GMADA). Casper was declared as the highest bidder, with a combined bid value of approximately Rs 891 crore. The payment shall be completed within the timelines stipulated by GMADA. Both plots are classified for commercial use and the company intends to develop an iconic retail-led, mixed-use development on this land parcel. Shishir Shrivastava, managing director at The Phoenix Mills, said, 'We are pleased to announce that we have been declared as the highest bidders for the acquisition of two land plots in Mohali, Punjab. We intend to develop an iconic retail-led mixed-use destination on this land parcel which will include retail, cinemas, world-class F planning, execution, marketing, management, maintenance & sales. The group has real estate assets in Mumbai, Bengaluru, Chennai, Pune, Raipur, Agra, Indore, Lucknow, Bareilly & Ahmedabad. The company reported 3.3% decline in consolidated net profit to Rs 232.54 crore on 11.5% increase in net sales to Rs 904.14 crore in Q1 FY25 over Q1 FY24.Powered by Capital Market - Live

Phoenix Mills announced today that Casper Realty (Casper), a wholly owned subsidiary of PML, has been declared as the highest bidder for two prime city-centric plots in Mohali, Punjab. These plots - cumulatively admeasuring ~13.14 acres and located in Sector 62, YPS Chowk, Sahibzada Ajit Singh Nagar (Mohali) - were auctioned by Greater Mohali Development Area Authority (GMADA). Casper was declared as the highest bidder, with a combined bid value of approximately Rs. 891 crores. The payment shall be completed within the timelines stipulated by GMADA. Both plots are classified for commercial use and the Company intends to develop an iconic retail-led, mixed-use development on this land parcel. With excellent connectivity, this land parcel, situated at YPS Chowk'between Chandigarh and Sahibzada Ajit Singh Nagar (Mohali), is well-positioned to capitalize on the growing demand for retail and entertainment spaces in the Chandigarh Metropolitan Region (CMR). CMR encompasses the union territory of Chandigarh and its neighbouring cities, including Panchkula, Mohali, Zirakpur, New Chandigarh, Kharar, Pinjore, Kalka, and Barwala. Strategically located at the crossroads of Punjab, Haryana, and Delhi, the CMR region has emerged as a prime destination for real estate development. Powered by Capital Market - Live

The record date for bonus issue has been fixed as 21 September 2024. Additionally, the company will increase in authorised share capital from Rs 49 crore to Rs 75 crore. The Phoenix Mills is India's largest retail led mixed-use developer. Its operations span across most aspects of real estate development; planning, execution, marketing, management, maintenance & sales. The group has real estate assets in Mumbai, Bengaluru, Chennai, Pune, Raipur, Agra, Indore, Lucknow, Bareilly & Ahmedabad. The company reported 3.3% decline in consolidated net profit to Rs 232.54 crore on 11.5% increase in net sales to Rs 904.14 crore in Q1 FY25 over Q1 FY24. Powered by Capital Market - Live

Indigo Paints Ltd, NTPC Ltd, BEML Ltd, Jubilant Ingrevia Ltd are among the other stocks to see a surge in volumes on BSE today, 04 September 2024.Phoenix Mills Ltd recorded volume of 34735 shares by 10:45 IST on BSE, a 6.83 times surge over two-week average daily volume of 5083 shares. The stock lost 1.07% to Rs.3,599.00. Volumes stood at 2400 shares in the last session.Indigo Paints Ltd saw volume of 33733 shares by 10:45 IST on BSE, a 6.23 fold spurt over two-week average daily volume of 5414 shares. The stock increased 4.46% to Rs.1,515.00. Volumes stood at 2351 shares in the last session.NTPC Ltd clocked volume of 31.59 lakh shares by 10:45 IST on BSE, a 5.11 times surge over two-week average daily volume of 6.18 lakh shares. The stock lost 0.68% to Rs.403.55. Volumes stood at 3.59 lakh shares in the last session.BEML Ltd recorded volume of 72197 shares by 10:45 IST on BSE, a 3.7 times surge over two-week average daily volume of 19524 shares. The stock gained 6.66% to Rs.4,108.20. Volumes stood at 34970 shares in the last session.Jubilant Ingrevia Ltd notched up volume of 2.03 lakh shares by 10:45 IST on BSE, a 3.31 fold spurt over two-week average daily volume of 61388 shares. The stock rose 5.62% to Rs.711.80. Volumes stood at 40574 shares in the last session.Powered by Capital Market - Live

Interglobe Aviation Ltd, Voltas Ltd, Astral Ltd, Star Cement Ltd are among the other stocks to see a surge in volumes on BSE today, 12 August 2024.Phoenix Mills Ltd saw volume of 2.02 lakh shares by 10:46 IST on BSE, a 16.01 fold spurt over two-week average daily volume of 12639 shares. The stock increased 0.62% to Rs.3,382.40. Volumes stood at 4389 shares in the last session.Interglobe Aviation Ltd witnessed volume of 19.4 lakh shares by 10:46 IST on BSE, a 14.42 times surge over two-week average daily volume of 1.35 lakh shares. The stock dropped 0.63% to Rs.4,261.60. Volumes stood at 3689 shares in the last session.Voltas Ltd witnessed volume of 1.75 lakh shares by 10:46 IST on BSE, a 7.08 times surge over two-week average daily volume of 24663 shares. The stock increased 8.42% to Rs.1,550.70. Volumes stood at 11304 shares in the last session.Astral Ltd recorded volume of 45348 shares by 10:46 IST on BSE, a 4.02 times surge over two-week average daily volume of 11268 shares. The stock lost 5.29% to Rs.1,924.20. Volumes stood at 31646 shares in the last session.Star Cement Ltd recorded volume of 50192 shares by 10:46 IST on BSE, a 2.71 times surge over two-week average daily volume of 18553 shares. The stock gained 2.26% to Rs.203.65. Volumes stood at 18596 shares in the last session.Powered by Capital Market - Live

Phoenix Mills announced that the Annual General Meeting (AGM) of the company will be held on 13 September 2024.Powered by Capital Market - Live