May 23 (Reuters) - Phoenix Mills Ltd:
* Says acquired 1.7 million shares of Offbeat Developers Private Limited held by HBS Realtors Private Limited
* Says shareholding of company in ODPL has increased from 83.59% to 88.95%
* Says bought shares of Offbeat Developers for total consideration of 292.8 million rupees on May 22, 2017.
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