Oberoi Realty Ltd.

Oberoi Realty is currently trading at Rs. 433.80, up by 26.50 points or 6.51% from its previous closing of Rs. 407.30 on the BSE.

The scrip opened at Rs. 419.85 and has touched a high and low of Rs. 434.80 and Rs. 419.85 respectively. So far 3,584 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 435.90 on 07-Sep-2017 and a 52 week low of Rs. 255.60 on 22-Nov-2016.

Last one week high and low of the scrip stood at Rs. 433.90 and Rs. 397.00 respectively. The current market cap of the company is Rs. 14,765.00 crore.

The promoters holding in the company stood at 72.49%, while Institutions and Non-Institutions held 25.68% and 1.83% respectively.

GlaxoSmithKline Pharmaceuticals (GSK) has selected Oberoi Realty as the successful bidder for the land admeasuring approximately 60 acres located at Thane, Maharashtra. The company’s bid for purchase of the said land was for a consideration of Rs 555 crore.

The proposed purchase of land is subject to compliance and adherence with the terms and conditions of the bid, including receipt of all statutory and regulatory approvals from the concerned authorities and signing of definitive documents between the company and GSK in this regard.

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