Archive · 25 Jul 2025
CPP Investments to Sell Stake in ISMDPL to Phoenix Mills
CPP Investments, a big investor, is selling its part of a company called ISMDPL to Phoenix Mills for a lot of money.
ISMDPL was a company they started together to build shopping malls and other projects in India.
CPP Investments says the investment did well, and India's shopping market is growing.
They will still work together on other projects in different cities even after this sale.
CPP Investments will sell its 49% stake in ISMDPL to Phoenix Mills for approximately ₹5450 crore.
The sale involves ISMDPL, a platform established in 2017 by CPP Investments and PML.
ISMDPL was created to develop mixed-use projects, including Phoenix MarketCity Bengaluru.
CPP Investments cited strong returns from the investment and India's retail growth.
CPP Investments will maintain joint ventures with PML in Kolkata and Mumbai.
- Who
- CPP Investments and Phoenix Mills (PML).
- What
- CPP Investments is selling its stake in ISMDPL to Phoenix Mills.
- When
- The announcement was made on July 25, 2025.
- Where
- The transaction involves assets across India, including Bengaluru, Kolkata and Mumbai.
- Why
- CPP Investments stated the investment generated strong returns.
CPP Investments
Phoenix Mills
Transaction Details
CPP Investments
Sale of a 49% stake.
Phoenix Mills
The article does not provide an opposing view in this context.
- Seller
- CPP Investments
- Buyer
- Phoenix Mills (PML)
- Stake Sold
- 49%
- Sale Price
- ₹5450 crore
- Platform
- ISMDPL
- Purpose of ISMDPL
- Develop retail-led mixed-use projects
