The Phoenix Mills Limited
The Government of Singapore decreased its stake in The Phoenix Mills from 2.15% to 1.58% by selling 2,044,914 shares. This transaction was valued at ₹440.54 Cr based on the last available share price.
A diversified real estate developer and mall operator, Phoenix Mills constructs and manages commercial and residential properties across India. The company operates retail malls, office spaces, and hotels while providing comprehensive asset management services. Its integrated business model spans retail operations, hospitality ventures, and property development, positioning it across multiple real estate segments in the Indian market.
Singapore sovereign investor (GIC), managing the Government of Singapore's foreign reserves. One of the world's largest SWFs with significant Indian equity holdings.