Phoenix Mills To Raise Up To Rs 1,100 Crore, Stock Edges Lower

Phoenix Mills said, in a regulatory filing on Monday, that its board approved raising funds up to Rs 1,100 crore through the issuance of shares and other instruments. At 9:50 am, the shares of Phoenix Mills were trading lower by 0.6 per cent at Rs 589, on the BSE. The shares had opened the day at Rs 594 and have touched an intra-day high of Rs 595 and a low of Rs 585 thus far.