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Phoenix Mills Builds War Chest For Distressed Assets
India’s biggest mall developer is hunting for distressed assets.
31 Aug 2020, 10:01 PM IST
India’s largest mall developer has readied a war chest to acquire distressed retail assets with the government now allowing malls to resume operations even as the number of Covid-19 cases rise.Phoenix Mills Ltd. will use the recent fundraise of Rs 1,100 crore to cherry pick properties when normalcy returns by the end of the year, Shishir Shrivastava, managing director of Phoenix Mills, told BloombergQuint on Talking Point. “In four t...
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