Phoenix Mills Gains After CPPIB Pumps In Rs 938 Crore

Phoenix Mills Gains After CPPIB Pumps In Rs 938 Crore

Shares of the Mumbai-based real estate developer rose as much as 4 percent to Rs 597.85 after Canada Pension Plan Investment Board (CPPIB) invested Rs 938 crore for acquiring additional 19 percent stake in Island Star Mall Developers Private Limited (ISMDPL).                          

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Nervous’ Investors Pile Into Gold ETFs

Gold Silver Reports (GSR) – Nervous’ Investors Pile Into Gold ETFs — Holdings in all bullion-backed exchange-traded funds tracked by Bloomberg extended their ascent to the highest since 2013, rising for a fourth straight session in the longest run since January. Xetra-Gold, the third-largest commodity-linked ETF, had almost 177 million shares outstanding as of Monday, the most since the Frankfurt-listed fund started trading in 2007.               

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