The acquisition follows a merger of Phoenix Mills with Ashok Ruia Enterprises, approved in March this year, but not yet finalised.
Following Wednesday's deal, the companyÆs family shareholder saw its stake drop from 74.8% with a freefloat of 25.2%, to 50.3% with a freefloat of 49.7%.
The deal will help take the company a step further from its...
¬ Haymarket Media Limited. All rights reserved.