Phoenix Mills (NSE:PHOENIXLTD, BOM:503100) said the merger of six step-down subsidiaries with its unit Astrea Real Estate Developers became effective Sept. 10, according to a Thursday Indian bourse filing.
The merged entities are Coimbatore Sameera Investments, Dhanalakshmi Engineering, Pulankinar Investment and Finance, Shanthi Chandran Enterprisers, Shanthi Chandran Investments Coimbatore, and Sheela Traders.
Shares of the real estate developer and operator fell nearly 1% in recent trade.