Against this backdrop, The Phoenix Mills Ltd faced an extremely challenging time during the last fiscal year. Shares of Phoenix Mills touched a new 52-week high on Friday on the National Stock Exchange. For the March quarter, consumption recovery stood at 90% vis-à-vis the same period in the previous year. Last week, Phoenix Mills said that the company through its subsidiaries has executed definitive documents with GIC. On the balance sheet front, Phoenix Mills is in a stronger position post-covid.

Source: Mint June 06, 2021 16:30 UTC