India: Realty developer Phoenix Mills to raise around $133m via QIP

India: Realty developer Phoenix Mills to raise around $133m via QIP

India Gate. Photo: Abhidev Vaishnav/unsplash

Retail focused real estate developer The Phoenix Mills Ltd has started work on its plans to raise around 1,000 crore through a qualified institutional placement (QIP) to bolster its balance sheet and prepare a war chest for distressed asset acquisitions, said two people aware of the development.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter