The Phoenix Mills Ltd will buy a 49 per cent stake in its joint venture firm Island Star Mall Developers Pvt Ltd (ISMDPL) from CPP Investments for Rs 5,450 crore as part of its growth strategy.

Phoenix Mills to buy out CPP Investments stake in subsidiary, shares surge 6% on hopes of value unlocking Phoenix Mills share price: Brokerages however noted that the firm's Q1 results missed out ...