Phoenix Mills : Investment by CPPIB in Plutocrat Commercial Real Estate Pvt. Ltd.

		.....-. THE PHOENIX
		Corp. Office : Shree Laxmi Woolen Mills Estate, 2nd Floor,
		R.R. Hosiery, Off Dr. E. Moses Rd. Mahalaxmi, Mumbai - 400 011
		Tel : [phone] Fax : [phone]
		GIN No.: L17100MH1905PLC000200
November 15, 2021
To,
BSE Limited	National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers	Exchange Plaza,
Dalal Street, Fort,	Bandra-Kurla Complex, Sandra East,
Mumbai- 400 001	Mumbai- 400051
Security code: 503100	Symbol: PHOENIXLTD
Dear Sir(s),

Sub: Investment b CPP Investment Board Private Holdin s 4 Inc. 'CPP Investments') in Plutocrat Commercial Real Estate Private Limited (PCREPL), a wholly owned subsidiary of the Company

In accordance with Regulation 30(6) read with schedule Ill and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that The Phoenix Mills Limited ('Company'), Canada Pension Plan Investment Boara ('CPPIB') through its entity viz. CPP Investment Board Private Holdings (4) Inc. ('CPP Investments') and Plutocrat Commercial Real Estate Private Limited, (PCREPL), a wholly owned subsidiary company, have entered into and executed Securities Subscription and Purchase Agreement ("SSPA") and Shareholders Agreement ('SHA') {collectively referred to as "Definitive Agreements"} for an investment of upto Rs.1350 crores by CPP Investments in multiple tranches on an aggregate basis, through a combination of primary and secondary investments, subject to fulfilment of the terms and conditions contained in the Definitive Agreements.

Further, CPP Investments, in its first tranche of investment, shall invest an amount of upto Rs.787 crores through a combination of fresh equity subscription and secondary acquisition of equity shares held by the Company in PCREPL as per the details set out below.

Name of the Subsidiary	Primary Issuance	Secondary Acquisition				Total
									Investment
			No.of	Amount	No.of	Consideration				{In INR)
			Shares to	(in INR)	Shares to be	Amount
			be issued		transferred	{In INR)
			and		by the
			allotted		Company
Plutocrat		Commercial	5,195	749,50,00,000	260	37,50,00,000		787,00,00,000
Real Estate Private
Limited
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Regd. Office: The Phoenix Mills Ltd., 462 Senapati Bapat Marg, Lower Parel, Mumbai 400 013. •Tel: [phone] / 8 / 9 •Fax: [phone]

E-mail : [e-mail] • www.thephoenixmills.com

Y" THE PHOENIX

Corp. Office : Shree Laxmi Woolen Mills Estate, 2nd Floor,

R.R. Hosiery, Off Dr. E. Moses Rd. Mahalaxmi, Mumbai- 400 011

Tel : [phone] Fax : [phone]

CIN No.: L17100MH1905PLC000200

Post the completion of first tranche investment by CPP Investments, the Company and CPP Investments shall hold 64.10% and 35.90% respectively, of the paid up equity share capital in

PCREPL.

Post the subsequent tranches of investment by CPP Investments, subject to the fulfilment of the terms mentioned in the Definitive Agreements, it is envisaged that CPP investments may further increase its stake from 35.90% to 49.00% in the share capital of PCREPL as per the terms and conditions of the Definitive Agreements.

Disclosure in terms of Regulation 30 of SEBI (LODR) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed as Annexure I.

We request you to take the above information on record.

Thanking you,

Yours faithfully,

For The Phoenix Mills Limited ----=-

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Gajendra Mewara	• -,, ,>"
Company Secretary	/ ':;,
Encl : as above

Regd. Office: The Phoenix Mills Ltd., 462 Senapati Bapat Marg, Lower Pare!, Mumbai 400 013..•T�I: [phone] / 8 / 9 •Fax: [phone]

E-mail : [e-mail] • www.thephoernxm1lls.com

[phone]

THE PHOENIX

Corp. Office : Shree Laxmi Woolen Mills Estate, 2nd Floor,

R.R. Hosiery, Off Dr. E. Moses Rd. Mahalaxmi, Mumbai - 400 011

Tel : [phone] Fax : [phone]

CIN No. : L17100MH1905PLC000200

Annexure I

Details in relation to the SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9,

2015

Sr. No.	Items to be disclosed	Details
1	Details and reasons for restructuring	Company and CPP Investments have
		entered into and executed Definitive
		Agreements to develop an office-led
		mixed-use Asset in Lower Parel,
		Mumbai.
		The office-ledmixed-use asset will
		complement the Company's	existing
		retail development at	Phoenix
		Palladium, Mumbai and The St. Regis,
		Mumbai hotel.
2.	Quantitative and/ or qualitative effect	The infusion of the funds by CPP
	of restructuring	investments in PCREPL shall be utilized
		for the development of office-led
		mixed-use Asset in Lower Parel,
		Mumbai.

3. Details of benefit, if any, to the The investment will facilitate the

	promoter/promoter	group/group	development of the office space with a
	companies from	such proposed	potential	leasable	area	of
	restructuring		approximately one million sq. ft. and
			flagship retail space with a potential
			leasable area of approximately 0.2
			million sq. ft. and contribute to an
			increase in the Group's revenue.
4.	Brief details of change in shareholding	Post the completion of first tranche
	pattern (if any) of all entities	investment by CPP Investments, the
			Company and CPP Investments shall
			hold 64.10% and 35.90% respectively of
			the paid up equity share capital in
			PCREPL.

Regd.

Office: The Phoenix

Mills Ltd.,

462 Senapati E-mail :

	Upon the completion of the proposed
	investment, subject to the fulfillment of
	the terms of SHA, it is envisaged that
	CPP Investments may further increase
	its stake from 35.90% to 49.00% in the
	share capital of PCREPL.	�
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Bapat Marg, Lower Parel,	Mumbai 400 013. •Tel: (022)	2496	�
430,		ax:
[e-mail]	•www.thephoenixmills.com