|
|
Article: BRIEFING - ASIA RETAIL - FEB 7, 2008.
- Article from:
- AsiaPulse News
- Article date:
- February 7, 2008
CopyrightCOPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
An executive briefing on retail for Feb 7, 2008, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
PHOENIX MILLS TO PICK UP 42PCT STAKE IN INDIAN RETAIL MALL
MUMBAI - Phoenix Mills Ltd (BSE:503100), which is engaged in textiles and real estate, on Tuesday announced that the company would acquire over a 42 per cent stake in Entertainment World Developers Pvt Ltd (EWDPL's), a tier II city centric retail mall.
Phoenix would acquire the stake through a combination of a fresh cash infusion to purchase equity in EWDPL and by a merger of certain ...