The Phoenix Mills Limited (BSE:503100) said the company's board at its meeting scheduled on 29 June 2020 will consider a proposal to raise funds through various modes. The Phoenix Mills said its board will consider a proposal to raise funds by way of issue of the company's securities (equity and/or convertible instruments), through a rights issue /preferential issue /qualified institutions placement, subject to obtaining requisite regulatory /statutory approvals. The announcement was made after market hours on Friday, 26 June 2020.