Phoenix Township Unveils Ambitious Expansion Strategy with Multiple Strategic Moves
Phoenix Township Limited (PTL) has approved several strategic decisions for expansion. The company will receive 50 crore rupees from its subsidiary, acquire a 97.96% stake in Palolem Resorts LLP for 5.04 crore rupees, partner with Marriott for a new hotel project in Kerala, and allot 13,66,000 equity shares at 143 rupees each. These moves aim to strengthen PTL's position in the hospitality industry and diversify its portfolio.