Oberoi Realty has received an approval for issue of Non-Convertible Debentures (NCDs) up to an aggregate amount of Rs 1,500 crore by way of private placement, in one or more offering(s) and/ or tranches(s). The board of directors at their meeting held on June 02, 2015 has approved for the same.
The board also approved issue of equity shares and/ or any other securities convertible into equity by way of one or more public offer or private placement, or both, for an aggregate amount not exceeding Rs 750 crore, including premium.
Oberoi Realty is India’s leading real estate development company, headquartered in Mumbai, focused on premium developments in the residential, office space, retail, hospitality and social infrastructure verticals.
