Phoenix Mills' wholly owned subsidiary, Palladium Constructions (PCPL) has acquired the entire equity shareholding of Leine River and Fuhse River in Gangetic Hotels (GHPL), a subsidiary of the company, aggregating to 39.15% on February 15, 2017.

Subsequent to the foresaid acquisition by PCPL, the effective equity shareholding of the company in GHPL has increased from 42.98% to 74.11%.

Total volume of shares traded on the bourses today was higher by 12.30% to 59,967 compared with 22-day average volume of 53,399.

Shares of the company gained Rs 13.35, or 3.9%, to trade at Rs 355.50. The total volume of shares traded was 8,259 at the BSE (12.43 p.m., Thursday).