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CPPIB to exit JV with Phoenix for ₹5,449 crore
Mint Mumbai
|July 25, 2025
Canada's biggest pension fund will exit a joint venture with India's Phoenix Mills in a cash deal worth ₹5,449 crore, the mall operator said on Thursday.
CPP Investments' exit comes at a time when brick-and-mortar retailers are grappling with reducing footfalls and increasing competition from e-commerce platforms.
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