English
Specials
    Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessCompaniesBought stake in our assets for organic growth, says Phoenix Mills

    Bought stake in our assets for organic growth, says Phoenix Mills

    Phoenix Mills in on an expansion spree. The company has been picking up stake in a couple of its own joint ventures and properties. In an interview to CNBC-TV18, Shishir Shrivastava, Joint MD of Phoenix Mills spoke at length about the same.

    September 15, 2017 / 14:45 IST

    Phoenix Mills is on an expansion spree. The company has been picking up stake in a couple of its own joint ventures and properties. In an interview to CNBC-TV18, Shishir Shrivastava, Joint MD of Phoenix Mills spoke at length about the same.

    We have spent about Rs 1350 crore over the last four years in acquisition of stake across our own projects, said Shrivastava.

    Bought stake in our assets for organic growth, he added.

    He is seeing significant turnaround in Phoenix Market City, Kurla.

    Trading density at Phoenix Market City, Kurla is at Rs 1,000 per square foot, he mentioned.

    Watch accompanying video for more details.

    first published: Sep 15, 2017 02:45 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347