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GIC (Realty) to invest Rs 1511 cr in three subsidiaries of Phoenix Mills

Phoenix Mills announced that the company, GIC (Realty) through it indirectly wholly owned entity viz. Reco Zinnia (RZPL) and each of Phoenix Mills subsidiaries Offbeat Developers (ODPL), Graceworks Realty and Leisure (GRLPL) and Vamona Developers (VDPL) have on 02 June 2021 executed Definitive Agreements. Pursuant to the execution of the Definitive Agreements, RZPL, shall subject to the terms and conditions agreed to therein, invest Rs.1511 crore in two tranches. RZPLs first tranche investme...
Graceworks Realty Vamona Developers Phoenix Mills Offbeat Developers Definitive Agreements Capital Market

Phoenix Mills and GIC to form investment platform for development of malls in India

Read more about Phoenix Mills and GIC to form investment platform for development of malls in India on Business Standard. PML through its subsidiaries, Offbeat Developers (ODPL), Graceworks Realty & Leisure(GRLPL) and Vamona Developers (VDPL) and GIC will be parties to the transaction (hereinafter, ODPL, GRLPL and VDPL together referred to as gPML Subsidiariesh). PML
Vamona Developers Graceworks Realty Leisure Phoenix Mills Offbeat Developers Graceworks Realty Phoenix Marketcity

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