The Phoenix Mills Share Price in Focus; NCLT Approves Scheme of Merger and Amalgamation

Written by: Team Angel OneUpdated on: 5 Sept 2026, 11:35 pm IST

The National Company Law Tribunal has approved the merger of five companies with Astrea Real Estate Developers, a subsidiary of The Phoenix Mills.

The Phoenix Mills share price will be in focus after the National Company Law Tribunal's Chennai Bench approved a Scheme of Merger and Amalgamation involving five companies and Astrea Real Estate Developers Private Limited, a subsidiary of The Phoenix Mills.

NCLT Approves Merger Scheme

The approval was given under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013. The Phoenix Mills informed the stock exchanges about the approval on September 5, 2026.

The companies involved in the scheme are being merged into Astrea Real Estate Developers, which is a subsidiary of The Phoenix Mills.

Details of the Scheme

The scheme involves Coimbatore Sameera Investments, Dhanalakshmi Engineering, Pulankinar Investment and Finance, Shanthi Chandran Enterprises, Shanthi Chandran Investments Coimbatore and Sheela Traders as the transferor companies. Astrea Real Estate Developers is the transferee company.

As of September 04, 2026, The Phoenix Mills share price closed at ₹1,942.00 per share, reflecting a decline of 0.92% from the previous trading session.

Conclusion

The NCLT's Chennai Bench has approved the Scheme of Merger and Amalgamation involving five transferor companies and Astrea Real Estate Developers, a subsidiary of The Phoenix Mills.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Sep 5, 2026, 6:05 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

Know More