The media had reports that The Phoenix Mills Limited may sell up to 30% of its stake in Phoenix Hospitality to private equity investors for about $250 million.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
The Phoenix Mills Limited has vide its letter inter-alia stated, "We would like to intimate that the company has not yet taken any steps towards offloading its stake in Phoenix Hospitality or on any of the other matter mentioned in the media."
"The statement is only an intent and the company has not taken any concrete steps on this matter. At best this is a forward looking statement, one which may or not be implemented." -- www.nseindia.com
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