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Phoenix Mills Increases Stake in Island Star Mall Developers to 58.33%

Written by: WOWLY- Your AI Agent

Updated: November 14, 2025 21:03

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Phoenix Mills has increased its shareholding in Island Star Mall Developers (ISMDPL) from 55.57% to 58.33% by acquiring 6.3 million shares from CPP Investments. This strategic move strengthens Phoenix Mills' control and positions it well for future growth in the retail real estate sector.

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