5031002026-10-285031002026-10-282026-10-285031002026-10-28in-capmkt:FinancialYear1Member5031002026-10-28in-capmkt:FinancialYear2Member5031002026-10-28in-capmkt:FinancialYear3Member5031002026-10-282026-10-28in-capmkt:FinancialYear1Member5031002026-10-282026-10-28in-capmkt:FinancialYear2Member5031002026-10-282026-10-28in-capmkt:FinancialYear3Memberiso4217:INRxbrli:pure503100THE PHOENIX MILLS LIMITEDPHOENIXLTDNOTLISTEDINE211B01039NewAcquisition (including agreement to acquire)false2026-10-2720:48:002026-10-28The Phoenix Mills LimitedListed Entity (self)Island Star Mall Developers Private Limited(ISMDPL)2850500000309050000027912900000true2025-07-242025-07-24true2025-09-13falsetrueReal Estate DevelopmentThe Company and CPP Investments, presently hold 58.33% and 41.67% shareholding respectively, in ISMDPL. The transaction relating to reduction of equity share capital forms part of the proposed Transaction and the object of the said reduction is to pay consideration to CPP Investments in lines with the object of the Proposed Transaction to provide a full exit to CPP Investments from its equity investment in ISMDPL. Post completion of the proposed Transaction, the Company shall hold 100% of the shareholding of ISMDPL and shall have sole control directly and/or through its affiliates over ISMDPL and ISMDPL will become the Wholly Owned Subsidiary of the Company.YesThe aforementioned reduction of equity share capital of ISMDPL forms part of the Proposed Transaction for which necessary approvals have been taken including approval from the Hon’ble National Company Law Tribunal, Mumbai Bench (“NCLT”).falseISMDPL expects to complete the payment of consideration within 30 days of filling the certified copy of NCLT Order with Registrar of Companies.Cash13500000000Cash135000000000.58330.6810.0977ISMDPL is an Indian Company incorporated on April 10, 2006 and is a Material Subsidiary of the Company. ISMDPL is engaged in the activities pertaining to operation, management and leasing of a mall located at Bengaluru known as ‘Phoenix MarketCity Bengaluru’. Further, ISMDPL has three subsidiaries viz. Alyssum Developers Private Limited (‘Alyssum’), Sparkle One Mall Developers Private Limited (‘Sparkle One’) and Insight Mall Developers Private Limited (‘Insight). ISMDPL and its subsidiaries together comprise ISMDPL Platform. The subsidiaries are engaged in the following business activities: a. Alyssum is engaged in the operation, management and leasing of a mix use development in Pune, consisting of ‘Phoenix Mall of Millennium’ and commercial offices tower known as ‘Millennium Towers’. b. Sparkle One is engaged in the operation, management and leasing of a mix use development in Bengaluru consisting of ‘Phoenix Mall of Asia’ and commercial offices tower known as ‘Phoenix Asia Towers’. c. Insight is engaged in the operation, management and leasing of the mall located at Indore known as ‘Phoenix Citadel’. Market Presence of ISMDPL: India.2025-202628505000002024-202528363000002023-20242780900000IndiaThe transaction relating to selective reduction of equity share capital of Island Star Mall Developers Private Limited (“ISMDPL”), by cancellation and extinguishment of 3,25,69,360 (Three Crores Twenty Five Lakhs Sixty Nine Thousand Three Hundred and Sixty Only) equity shares of face value of Rs. 10/- (Indian Rupees Ten) each held by Canada Pension Plan Investment Board ("CPP Investments") forming part of the Proposed Transaction falls under the ambit of Related Party Transaction as per the provisions of Section 2(76) of the Companies Act, 2013 and Regulation 2(1)(zc) and 23 of SEBI Listing Regulations. Accordingly, requisite approvals of Audit Committee, Board and Shareholders of the Company have been obtained for the Proposed Transaction. The promoter/promoter group do not have any interest in the aforesaid transaction relating to acquisition of shares forming part of the Proposed Transaction. The valuation report has been obtained from Bansi S. Mehta Valuers LLP, for determining the fair value of the Equity Shares of ISMDPL. The aforementioned selective reduction of Equity Share Capital of ISMDPL by the Company forms part of the Proposed Transaction for which necessary approvals have been taken for the Proposed Transaction. The cancellation of 3,25,69,360 Equity Shares by ISMDPL of CPP Investments has been effected for a consideration amounting to Rs. 1,350,00,00,000/- Post completion of the proposed Transaction, the Company shall hold 100% of the shareholding of ISMDPL and shall have sole control directly and/or through its affiliates over ISMDPL and ISMDPL will become the Wholly Owned Subsidiary of the Company. Further, we request you to refer the detailed disclosure filed in PDF form with exchanges dated July 24, 2025.