19-Aug-2026      17:08

The Phoenix Mills Limited’s stake rises to 45% in O2 Renewable XXVIII via share allotment

The Phoenix Mills Limited announced that O2 Renewable XXVIII has allotted 2,74,332 equity shares and 24,690 Series B Compulsory Convertible Debentures to the company, and 3,02,568 equity shares and 27,231 Series B Compulsory Convertible Debentures to its subsidiary, Offbeat Developers Private Limited, on August 19, 2026, following an amendment to the Security Subscription and Shareholders’ Agreement; the allotment results in The Phoenix Mills Limited and Offbeat holding a combined 45.00% equity shareholding in O2 Renewable XXVIII.

News source: Capital Market - Live News