Long-only funds lap up Phoenix block deal

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Long-only funds lap up Phoenix block deal

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The Jantar Mantar is located in the modern city of New Delhi, India | saiko3p - Fotolia

India’s Phoenix Mills, a shopping mall operator, has scooped Rp2.83bn ($45m) from a qualified institutional placement that resounded well with international long-only funds, surprising even those close to the deal with their strong interest.

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