Google News
spot_img

Nomura India Investment Fund buys Phoenix Mills shares worth Rs 326 cr

Must Read

The shares were purchased at an average price of Rs 1,310 apiece on both the exchanges, taking the aggregate value to Rs 326.09 crore

New Delhi:  Nomura India Investment Fund on Tuesday acquired shares of Phoenix Mills, a retail led mixed-use developer, for Rs 326 crore through open market transactions.

Nomura India Investment Fund Mother Fund bought a total of 24,89,259 shares on both BSE and NSE, amounting to 1.39 per cent stake in the company, as per bulk deal data available with the National Stock Exchange (NSE) and BSE.

The shares were purchased at an average price of Rs 1,310 apiece on both the exchanges, taking the aggregate value to Rs 326.09 crore.

However, the seller(s) of the shares could not be ascertained.

On Tuesday, shares of Phoenix Mills closed 3.36 per cent lower at Rs 1,302 on NSE and Rs 1,303.60 per scrip on BSE.

Latest News

Ex-Zomato executive-owned F&B company Ninecamp Ventures raises Rs 16 cr seed funding

The proceeds will be allocated to enhancing the brand portfolio, acquiring prime real estate, recruiting talent, and investing in...