Oberoi Realty soars as its arm acquires hotel property in Mumbai

21 Dec 2020 Evaluate

Oberoi Realty is currently trading at Rs. 554.00, up by 14.70 points or 2.73% from its previous closing of Rs. 539.30 on the BSE.

The scrip opened at Rs. 539.30 and has touched a high and low of Rs. 556.75 and Rs. 532.75 respectively. So far 14637 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 583.55 on 27-Jan-2020 and a 52 week low of Rs. 290.10 on 22-May-2020.

Last one week high and low of the scrip stood at Rs. 564.15 and Rs. 510.00 respectively. The current market cap of the company is Rs. 20179.92 crore.

The promoters holding in the company stood at 67.70%, while Institutions and Non-Institutions held 30.07% and 2.23% respectively.

Oberoi Realty’s wholly owned subsidiary -- Evenstar Hotels has purchased and taken possession of a hotel property (together with appurtenant rights, proportionate interest in common areas, and conveniences) situate at Dr. Annie Besant Road, Worli, Mumbai, for a consideration of Rs 1040 crore.

The hotel property is a 221 key ‘5 Star’ hotel and will be operated and managed under the Ritz-Carlton brand. Prior to the acquisition by Evenstar, the hotel property was owned by Oasis Realty (an association of persons), and is part of the project ‘Three Sixty West’ developed by Oasis Realty.

Oberoi Realty is engaged in construction and real estate development, and hospitality. The company’s segments include Real estate and Hospitality.

Oberoi Realty Share Price

1435.00 -79.15 (-5.23%)
28-Mar-2024 16:01 View Price Chart
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