The Phoenix Mills to gather balance 50% equity stake in Classic Mall Development Company Ltd (CMDCL) from Crest Ventures Ltd and Escort Developers Pvt Ltd. PML currently owns 50% in CMDCL and the stability 50% is owned by means of Crest Ventures (forty six.35%) and Escorts Developers (3.65%), finishing touch of the stake purchase will make CMDCL a subsidiary of PML.
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