Oberoi Realty has raised over Rs 324.50 crore through preferential issue of shares to Aranda Investments, an indirect subsidiary of Temasek Holdings. The board of directors at their meeting held on July 20, 2015 has approved for the same.
The board approved the allotment of 1,10,00,000 equity shares to Aranda Investments (Mauritius) at a price of Rs 295 per equity share, including a premium of Rs 285 per equity share, aggregating to Rs 324.50 crore.
Mauritius-based Aranda Investments is a foreign portfolio investor and a wholly-owned indirect subsidiary of Temasek Holdings, the investment arm of the Singapore government.
