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The Phoenix Mills Limited’s stake rises to 45% in O2 Renewable XXVIII via share allotment
19-Aug-2026, 05:08
The Phoenix Mills Limited announced that O2 Renewable XXVIII has allotted 2,74,332 equity shares and 24,690 Series B Compulsory Convertible Debentures to the company, and 3,02,568 equity shares and 27,231 Series B Compulsory Convertible Debentures to its subsidiary, Offbeat Developers Private Limited, on August 19, 2026, following an amendment to the Security Subscription and Shareholders’ Agreement; the allotment results in The Phoenix Mills Limited and Offbeat holding a combined 45.00% equity shareholding in O2 Renewable XXVIII.
The Phoenix Mills Limited announced that O2 Renewable XXVIII has allotted 2,74,332 equity shares and 24,690 Series B Compulsory Convertible Debentures to the company, and 3,02,568 equity shares and 27,231 Series B Compulsory Convertible Debentures to its subsidiary, Offbeat Developers Private Limited, on August 19, 2026, following an amendment to the Security Subscription and Shareholders’ Agreement; the allotment results in The Phoenix Mills Limited and Offbeat holding a combined 45.00% equity shareholding in O2 Renewable XXVIII.