BRIEF-Phoenix Mills buys indirect stake in unit Gangetic Hotels

Last Updated: Thu, Feb 16, 2017 11:20 hrs

Feb 16 (Reuters) - Phoenix Mills Ltd

* Says acquisition of indirect stake by company in its subsidiary, Gangetic Hotels Pvt Ltd

* Says effective equity shareholding of co in GHPL has increased from 42.98 percent to 74.11 percent

* Says cumulative consideration for acquisition of INR 50 million Source text - ( Further company coverage:

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