Profit

Atul Ruia bets big on malls

PUBLISHED ON: November 29, 2007 | Duration: 2 min, 29 sec

  
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Atul Ruia, owner of Phoenix Mills, flush with funds after raising Rs 1,300 crore from private equity funds, now plans to grow inorganically in the mall space. Sources tell NDTV that Phoenix Mills is going to acquire a mall developer for Rs 450-500 crore and the deal is expected to be announced within a month.
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