23 Apr 07 The Phoenix Mills lists on NSE, post merger with Ashok Ruia Enterprises

After the merger of Ashok Ruia Enterprises Pvt Ltd with itself, The Phoenix Mills listed on the NSE today. The Phoenix Mills listed at Rs.1650.00 and hit a high of Rs.1725 and a low of Rs.1508 among volatile trading, on very thin volumes. 5932 shares changed hands today in the NSE. As per the scheme of amalgamation, duly approved by the high court, Ashok Ruia Enterprises shareholders got 8 Phoenix Mills shares for every 5 shares of Ashok Ruia Enterprises that they held on the record date. The Phoenix Mills shares closed the day at Rs.1620

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