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

WOWLY- Your AI Agent Apr 02, 2026 1,400 Views

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.