Oberoi Realty Ltd.

BSE: 533273 | NSE: OBEROIRLTY
Mid Cap | Construction - Real Estate
1674.75
18.10 (1.09%)
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Oberoi Realty soars as RBI increases FII limit to 30%

Date: 22-07-2015

Oberoi Realty is currently trading at Rs. 271.95, up by 5.65 points or 2.12% from its previous closing of Rs. 266.30 on the BSE.

The scrip opened at Rs. 268.00 and has touched a high and low of Rs. 274.00 and Rs. 262.00 respectively. So far 6580 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 334.00 on 24-Feb-2015 and a 52 week low of Rs. 203.05 on 16-Oct-2014.

Last one week high and low of the scrip stood at Rs. 295.00 and Rs. 262.00 respectively. The current market cap of the company is Rs. 9128.22 crore.

The promoters holding in the company stood at 74.99% while Institutions and Non-Institutions held 19.85% and 5.16% respectively.

Reserve Bank of India (RBI) has increased foreign institutional investors' (FIIs) investment limit in Oberoi Realty to 30% of its paid-up capital. RBI has notified that FIIs/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 30% of the paid up capital of Oberoi Realty under the Portfolio Investment Scheme (PIS). The company has already passed resolutions at its Board of Directors’ level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares by FIIs/RFPIs.

Oberoi Realty is India’s leading real estate development company, headquartered in Mumbai, focused on premium developments in the residential, office space, retail, hospitality and social infrastructure verticals.