The Phoenix Mills Limited has announced that its associate company, Mirabel Entertainment Private Limited, made an allotment of 4,35,000 equity shares of face value ₹10 each through a Rights Issue on May 07, 2026. The Phoenix Mills Limited did not participate in this Rights Issue. Following the Rights Issue, Mirabel's paid-up share capital has increased to ₹1.499 crore. Consequently, the shareholding of The Phoenix Mills Limited in Mirabel has been diluted from 50.00% to 35.49% of the total shareholding and voting rights. Mirabel continues to remain an associate company of The Phoenix Mills Limited. This information is also available on The Phoenix Mills Limited's website under investors/FY2027/Exchange-Intimations.
