Phoenix Mills' Stake in Associate Mirabel Entertainment Diluted to 35.49% Following Rights Issue
Published on: May 7, 2026, 8:37 p.m. | Source: scanx.trade
Phoenix Mills disclosed on May 07, 2026, that its stake in associate Mirabel Entertainment Private Limited has been diluted from 50.00% to 35.49% after Mirabel allotted 4,35,000 equity shares of face value Rs. 10/- each via a rights issue to an existing shareholder. Phoenix Mills did not participate in the rights issue. Following the allotment, Mirabel's paid-up share capital has risen to Rs. 1,49,90,000/-. Mirabel continues to retain its status as an associate company of Phoenix Mills.
