Insight Mall Developers now a step-down subsidiary of Phoenix Mills
Following this Share Purchase Agreement (SPA), Insight has ceased to be the Phoenix Mills’ wholly-owned subsidiary and has become a step down subsidiary with effect from December 11, the company said in a regulatory filing.
By ETRealty |
Retail-led mixed-use asset developer and operator, The Phoenix Mills has transferred its entire equity holding in wholly-owned subsidiary Insight Mall Developers in favour of its subsidiary Island Star Mall Developers.
Following this Share Purchase Agreement (SPA), Insight has ceased to be the Phoenix Mills’ wholly-owned subsidiary and has become a step down subsidiary with effect from December 11, the company said in a regulatory filing.
Separately, Phoenix Mills’ also announced appointing Rajendra Kalkar as a Whole-time Director of the company with effect from December 10, 2018.
Following this Share Purchase Agreement (SPA), Insight has ceased to be the Phoenix Mills’ wholly-owned subsidiary and has become a step down subsidiary with effect from December 11, the company said in a regulatory filing.
Separately, Phoenix Mills’ also announced appointing Rajendra Kalkar as a Whole-time Director of the company with effect from December 10, 2018.
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