Phoenix Mills

CPP University has invested $ 560 million in the JV – – Mind stone Mall Manufacturer Pvt Ltd – in support of the final 49 percent increase.

NEW DELHI: A businessman at Phoenix Mills and the Canadian Pension Investment Committee (CPP Investment) said on Saturday that they had agreed to form a coalition to form a trade district between Alipore, Kolkata.

CPP University has invested $ 560 million in the JV – – Mind stone Mall Manufacturer Pvt Ltd – in support of the final 49 percent increase.

In addition, Phoenix Mills Ltd (PML) and CPP Investment said they have agreed to spend up to $ 800 on the JV – Island Star Mall Developers Private Ltd (ISMDPL) – inappropriate ways.

“With funding from CPP Investments and PML, Mind stone will build a retail space with rental space of up to six million feet,” the two companies said. In the attached sentence.

The expected deadline for the second half of 2024, he said.

Commenting on the development, Phoenix Mills Ltd (PML) chairman Atul Ruia said a strong partnership with CPP Funds would help strengthen the company’s position in eastern India.

“Investing in this money is a sign of our long-term plans for our retail business to benefit us and other key resources in India’s cities.” He added.

Phoenix Mills remains committed to raising its revenue by investing in good markets and making sure projects are done on time, Ruia said.

The CEO of CPP Investment, Real Estate – India, Hare Krishna, said, “With this investment, the business committee of the businesses of CPP Investment and Phoenix Mills is over $ 226 million. Our long-term plan”.

Alipore in Kolkata is an important place and this map, surrounded by residential and office buildings, said Phoenix Mills Managing Director Shishir Shrivastava.

“We believe that Internet access is conducive to the development of small markets, through major government reforms, giving us a fair opportunity to address the ineffective capabilities of“In the place that, “he said.

PML and CPP staff also said they are increasing their commitment to their ally, the ISMDPL

“All parties agreed to raise ISMDPL to the amount of $ 800 million ($ 133 million) in the required procedure, based on their success,” it said.

The merger was launched in 2017 to improve, be unique and manage and drive the development used by retailers in India, he said.

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