Phoenix Mills : PLIPPL completed acquisition of 100% equity shares of Janus Logistics

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

January 16, 2023
BSE Limited	National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers	Exchange Plaza,
Dalal Street, Fort,	Bandra-Kurla Complex, Bandra East,
Mumbai- 400 001	Mumbai- 400051
Security code: 503100	Symbol: PHOENIXLTD
Dear Sirs/Madam,

Subject - Intimation under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the Company's wholly owned subsidiary namely i.e. Phoenix Logistics and Industrial Parks Private Limited ('PLIPPL') has completed the acquisition of 100% equity shares of Janus Logistics and Industrial Parks Private Limited pursuant to a Share Purchase Agreement ('SPA') dated 16th January, 2023 for an aggregate consideration of Rs. 26.03 crore.

Accordingly, Janus Logistics and Industrial Parks Private Limited ("Janus") has become a wholly owned subsidiary of PLIPPL and a step down wholly owned subsidiary of the Company with effect from 16th January, 2023. Janus owns a land parcel admeasuring approximately 33 acres situated at village Kabulpur, District, Faridabad and village Losighani, District Sohna, in the state of Haryana.

The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/ 4/2015 dated September 9, 2015 are given in Annexure A to this letter.

We request you to kindly take the same on record.

Thanking you,

Yours faithfully,

for The Phoenix Mills Limited

GAJENDRA MEWARA

Digitally signed by

GAJENDRA MEWARA Date: 2023.01.16 18:12:44 +05'30'

Gajendra Mewara

Company Secretary

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

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 A

Acquisition (including agreement to acquire)

Sr.	Details of Events that need to be	Information of such events(s)
No.	provided
1.	Name of the target entity, details in	Name - Janus Logistics and Industrial Parks
	brief such as size, turnover etc.		Private Limited ('Janus').
					Paid up Capital - Rs.100,000
					Turnover: Nil (Janus was incorporated on
					December 20, 2022 and is yet to commence
					business).
					Janus owns and holds a freehold land parcel
					admeasuring approximately 33 acres situated
					at village Kabulpur, District, Faridabad and
					village Losighani, District Sohna, in the state of
					Haryana.
2.	Whether the acquisition would fall	The execution of Share Purchase Agreement
	within	related	party	does not fall within the purview of related
	transaction(s)and	whether	the	party transaction.
	promoter/	promoter	group/	group
	companies have any interest in the	The promoter/promoter group of the
	entity being acquired?		Company have no interest in the said
	If yes, nature of interest and details	acquisition.
	thereof and whether the same is done
	at "arms length"
3.	Industry to which the entity being	Logistics and Warehousing
	acquired belongs
4.	Objects and effects of acquisition	The said acquisition is in line with the
	(including but not limited to,	Company's previously disclosed plans of
	disclosure	of reasons for acquisition	diversifying existing revenue streams and
	of target entity, if its business is	exploring synergies in related sectors such as
	outside the main line of business of the	Logistics and Warehousing business.
	listed entity)
5.	Brief details of any governmental or	Not Applicable
	regulatory	approvals required for
	the acquisition

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

							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
6.	Indicative time period for completion	Within maximum 60 days from the date of
	of the acquisition			execution of Share purchase agreement.
7.	Nature	of	consideration -whether	The consideration would be paid in cash (in
	cash consideration or share swap	one or more tranches).
	and details of the same
8.	Cost of acquisition or the price at	10,000 equity shares at a per share price of Rs.
	which the shares are acquired		26,028.8304 for an aggregate consideration of
							Rs. 26,02,88,304.
9.	Percentage of shareholding / control	100%
	acquired and / or number of shares
	acquired
10.	Brief	background about	the entity	Janus Logistics and Industrial Parks Private
	acquired	in	terms of products/line	Limited ('Janus') was incorporated on
	of business	acquired,	date	of	December 20, 2022.
	incorporation, history of last 3 years
	turnover,	country in	which	the	Market Presence: India
	acquired entity has presence and
	any	other significant information (in	Turnover of Last Three years: Not Applicable
	brief)
					(Janus was incorporated on 20th December
							2022.)

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