Acquires remaining 44% stake in ISMDPL from CPP for Rs 275.73 cr

Listed-company acquisitionStrategic Transactions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-0.9%Reaction day

₹1731.90

prior close

₹1734.20

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-0.3%-0.6% vs market

Residential Commercial Projects peers, median of 59sector-0.4%-0.5% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Midcap 150 and 0.5 pts less than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.1

10m

+0.7

15m

+1.1

30m

+0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.9-0.3-0.6-0.4-0.5

Next day

+0.2-0.3+0.5-0.3+0.5

+0.7+0.4+0.3-0.1+0.7

-0.1-0.2+0.1-1.7+1.6

-1.2+0.1-1.3-1.7+0.5

-1.0+0.1-1.0-2.4+1.4

-3.5-1.4-2.1-4.8+1.4

15d

+0.0-1.2+1.2-4.4+4.4

+3.3-1.2+4.5-5.8+9.1

+9.3-2.1+11.4-9.4+18.7

-0.1-2.3+2.2-13.3+13.2

UpDownMarket · Nifty Midcap 150Sector · Residential Commercial Projects peers, median of 59Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Phoenix Mills to acquire 62.67 lakh shares of subsidiary ISMDPL from CPP Investments for Rs 275.73 cr in cash. Post this, ISMDPL becomes wholly owned subsidiary. ISMDPL runs Phoenix MarketCity Bengaluru, Phoenix Mall of Asia and other malls, with consolidated turnover of Rs 919.73 cr in FY25. This follows today's buyback that raised Phoenix Mills stake from 51% to 55.57%. Related party deal with all approvals secured.

Likely market impact

Full control of Bengaluru mall asset; Rs 275.73 cr cash outflow but eliminates minority partner and consolidates revenues.