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PRESS RELEASE The Phoenix Mills Limited (PML) is celebrating its centenary year. With a view to enhance its shareholder value, PML is leased 1 A final dividend @ 100% on the equity share capital of the Company (existing share capital: 45,000 shares of Rs. 100 each) 2 A sub division (stock split) of the face value of equity shares from Rs. 100 pe share to Rs. 10 per share. 3 Issue of bonus shares in the ratio of 4:1 i.e. 4 shares for every 1 share held by the shareholder 4 Investment by Foreign Institutional Investors (FIIs) / Sub Accounts registered with SEBI to the extent of 49% of the Paid up Share Capital of the Company. PML has also decided to take forward the concept of Consumption Center (such as their flagship development - High Street Phoenix) to Tier-I metros. Identification and negotiation for acquisition of large land banks is in progress PML is also in discussion with venture funds and private equity investors to enter into a strategic relationship to partner them in their future growth plans.
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