The Phoenix Mills Limited has informed the Exchange about dilution of stake in Associate Company.

Ownership Changes View source PDF Explain this filing

PHOENIXLTD · price

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

+1.1%Reaction day

₹1825.20

prior close

₹1840.00

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-0.1%+1.2% vs market

Residential Commercial Projects peers, median of 66sector-0.5%+1.6% vs sector

On the reaction day the stock moved 1.2 pts more than Nifty Midcap 150 and 1.6 pts more 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

-1.0

10m

-0.9

15m

-0.8

30m

-1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.1-0.1+1.2-0.5+1.6

Next day

-0.9-1.2+0.4-2.3+1.4

-4.7-3.7-1.0-5.4+0.7

-5.1-3.1-2.0-6.2+1.1

-3.9-2.0-1.9-5.7+1.8

-5.1-2.4-2.7-6.2+1.1

-5.9-1.9-4.0-6.9+0.9

15d

-4.2-2.4-1.9-8.8+4.6

-5.6-3.9-1.8-9.8+4.2

+10.8-1.2+12.0-6.5+17.4

+6.0+2.9+3.1-4.1+10.1

UpDownMarket · Nifty Midcap 150Sector · Residential Commercial Projects peers, median of 66Pending

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

AI summary

The Phoenix Mills Limited has announced that its associate company Mirabel Entertainment Private Limited made an allotment of 4,35,000 equity shares via Right Issue on May 07, 2026. The Company did not participate in this Rights Issue. As a result, Phoenix Mills' shareholding in Mirabel has been diluted from 50.00% to 35.49%. This represents a significant reduction of approximately 14.51 percentage points in the Company's stake. Mirabel continues to remain an Associate Company of The Phoenix Mills Limited despite the dilution.

Likely market impact

The dilution reduces Phoenix Mills' influence over Mirabel, though it remains an associate. This non-participatory rights issue resulted in a material reduction of the Company's equity interest without indicating any immediate financial impact on Phoenix Mills' standalone financials.