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MoneyWorks4Me

Oberoi Realty purchases 5,00,000 equity shares of I-Ven Realty

29 Sep 2011 Evaluate

Oberoi Realty has purchased 5,00,000 equity shares and 362500 of 1% Non-cumulative Non-Convertible Preference Shares - Series I of Rs 10 each fully paid up of I-Ven Realty from India Advantage Fund I, acting through its Investment Manager ICICI Venture Funds Management Company. Further, Oberoi Realty has also invested in optionally convertible debentures issued by I-Ven Realty.

Consequent to this, Oberoi Realty holds 50% stake in the equity share capital and preference share capital (Series I) in I-Ven Realty; and 50% of the optionally convertible debentures in I-Ven Realty.

Peers
Company Name CMP
Lodha Developers 1038.50
Prestige EstatesProj 1445.00
Dilip Buildcon 375.80
DLF 690.00
Oberoi Realty 1626.00
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