Oberoi Realty (ORL) has divested its entire shareholding in a joint venture ‘Sangam City Township’ for Rs 3.6 crore. Sangam City Township is a joint venture (JV) of Oberoi Realty, where ORL held 31.67% stake (comprised in 9,500 equity share of Rs 10 each, fully paid up).
A Share Purchase Agreement dated October 26, 2023 (SPA), has been executed by ORL, pursuant to which ORL has divested its entire 31.67% shareholding in the JV.
Oberoi Realty is engaged in construction and real estate development, and hospitality. The company’s segments include real estate and hospitality.
