The Phoenix Mills Ltd - Updates on Scheme of Amalgamation

Phoenix Mills Ltd has informed BSE that the Company have been informed by the Company's subsidiaries, Palladium Constructions Private Limited (PCPL) and Gangetic Hotels Private Limited (GHPL) that their Board of Directors in their respective meetings held on January 11, 2017 have approved a Scheme of Amalgamation of GHPL with PCPL with the appointed date of April 01, 2016. The Scheme is subject to the approval of the National Company Law Tribunal at Mumbai and Allahabad and all other regulatory approvals.