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| Exchange Received Time 01/04/2017 17:47:55 Exchange Disseminated Time 01/04/2017 17:47:58 Time Taken 00:00:03 | | Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that Crest Ventures Limited ('CVL') has entered into a Share Purchase Agreement (SPA) on March 31, 2017 for acquiring a stake of 50% held by Phoenix Mills Limited in Escort Developers Private Limited ('EDPL'), its Associate Company at a total consideration of Rs. 3.30 Crores pursuant to which EDPL has become a wholly owned subsidiary of CVL w.e.f. March 31, 2017. Subsequent to the above acquisition, the equity holding of CVL has increased from 50% to 100%. |
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