The Phoenix Mills Limited (PHOENIXLTD) — Corporate Action

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📢 Key Event
Mirabel Entertainment executes a right issue, allotting 435,000 shares to an existing shareholder.

🔄 What Changed
Mirabel's paid-up capital increased to ₹1.499 crore; the Company's ownership diluted from 50% to 35.49%.

💡 Investor Takeaway
The Company's stake in Mirabel is diluted, though Mirabel remains an associate.

The Phoenix Mills announced that its associate Mirabel Entertainment executed a right issue on May 7, 2026, allotting 435,000 shares of ₹10 each to an existing shareholder, increasing Mirabel's paid-up capital to [amount not verified] and diluting the Company's stake from 50% to 35.49%.

📄 View Original Announcement (PDF)

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