Oberoi Realty Ltd.

Oberoi Realty has raised Rs 1,200 crore by sale of shares to institutional investors. The company had launched its Qualified Institutional Placement (QIP) on June 13 and the issue has been closed on June 19.

The company has issued 2.4 crore shares at Rs 500 per scrip. The issue price is lower than the floor price of Rs 509. 29.

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