BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
On Dec. 1, Phoenix Mills Ltd. along with subsidiaries Offbeat Developers Pvt., Graceworks Realty and Leisure Pvt. and Vamona Developers Pvt. has jointly signed a non-binding term sheet with an affiliate of GIC Pvt. for the formation and development of a strategic retail-led mixed use platform.
According to the disclosures, the company will contribute retail assets with gross leasable area of 2.33 million square feet and commercial retail assets with gross leasable area of 1.03 msf.
According to the company, the assets contributed by Phoenix Mills are indicatively valued at an approximate enterprise value of Rs 56 billion-Rs 57 billion. This is in line with our valuation.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.