Oberoi Realty has received approval from Board of Directors to raise Rs 1500 crore by way of private placement, in one or more offering and/ or tranches and also approved the issuance of equity shares and/ or any other securities convertible into equity for an aggregate amount not exceeding Rs 2000 crore, including premium, by way of one or more qualified institutions placement to qualified institutional buyers in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations. 2009, as amended, and related matters thereto.
Oberoi Realty is engaged in construction and real estate development, and hospitality. The company’s segments include Real estate and Hospitality.
