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Phoenix Mills to raise 9.8 bln rupees via QIP issue
August 6, 2007 / 2:44 PM / 10 years ago

Phoenix Mills to raise 9.8 bln rupees via QIP issue

MUMBAI (Reuters) - Real estate developer Phoenix Mills Ltd. said on Monday a board committee had approved raising 9.8 billion rupees through allotment of 4.9 million shares to qualified institutional buyers at 2,000 rupees a share.

Phoenix Mills shares ended at 1,985.20 rupees, down 1.1 percent in a weak Mumbai market.

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