Canada's CPP Investments to exit JV with Indian mall operator for $631 million

The Phoenix Mills

24/07/2025 13:27

July 24 (Reuters) - Canada biggest pension fund CPP Investments will exit a joint venture with India's Phoenix Mills PHOE.NS for a cash deal worth 54.49 billion rupees ($630.9 million), the mall operator said on Thursday.

($1 = 86.3640 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru; Editing by Shailesh Kuber)

 ((Hritam.Mukherjee@thomsonreuters.com; X: @MukherjeeHritam))