Phoenix Mills allots 6270 lakh equity shares under scheme of amalgamation

18 Jan 2022 , 01:33 AM

Phoenix Mills has allotted 6270000 Equity Shares of the Company of face value of Rs2 each to the Shareholders of Phoenix Hospitality Company PHCPL as per the share exchange ratio provided in the Scheme of Amalgamation as approved by the Honble National Company Law Tribunal NCLT Mumbai Bench vide its order dated 21 December 2021 Consequent upon allotment of the above shares the paid-up Equity Share Capital of the Company stands increased from Rs 344392252 consisting of 172196126 Equity Shares of Rs 2 each to Rs 356932252 consisting of 178466126 Equity Shares of Rs 2 each