Canada Pension Plan invests Rs 787 crore in Phoenix Mills

Phoenix Mills

Phoenix Mills share price rose 5 percent to Rs 1,144.95 on November 18 after Canada Pension Plan Investment Board has invested Rs 787 crore in company’s subsidiary.

CPP Investments has, on November 16, 2021, completed its first tranche of investment in Plutocrat Commercial Real Estate Private Limited (PCREPL) on private placement basis and by way of secondary acquisition of equity shares held by the company in PCREPL aggregating to Rs 787 crore,” company said in the release.

News Source:- Moneycontrol

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