Phoenix Mills surges nearly 7% on deal with CPPIB

Phoenix Mills surges nearly 7% on deal with CPPIB

06/04/2017 12:03

Shares of The Phoenix Mills soared nearly 7 per cent on the Bombay Stock Exchange after the company announced strategic investment platform for retail real estate properties in India with Canada Pension Plan Investment Board (CPPIB).

The company proposes to host a conference call for Investors and Analysts on Thurdsay, April 6, 2017 at 12:30 hrs IST to discuss the details of the platform with CPPIB.

Following the announcement, shares of company gained as much as 6.73 per cent to hit intra-day high of Rs 438.10 apiece on the Bombay Stock Exchange.

In a similar fashion, stocks of company advanced 2.49 per cent to Rs 419.20 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 29,872.67, down 101.57 points or 0.35 per cent, at 12:10 hours.

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