Oberoi Realty Ltd approves allotment of 2,40,00,000 Equity Shares

The QIP Committee of Oberoi Realty Limited has, at its meeting held today, being June 21, 2018, approved the issue and allotment of 2,40,00,000 Equity Shares of face value Rs. 10 each to eligible qualified institutional buyers at the issue price of Rs 500 per Equity Share (including a premium of Rs. 490 per Equity Share) against the floor price of Rs. 509.29 per Equity Share, aggregating to Rs. 1200 Crore (Rupees One Thousand Two Hundred Crore only), pursuant to the Issue.

The Equity Share capital of the Company stands increased to Rs. 3,63,60,22,370 consisting of 36,36,02,237 Equity Shares of face value Rs. 10 each.

Shares of OBEROI REALTY LTD. was last trading in BSE at Rs.500.1 as compared to the previous close of Rs. 502.75. The total number of shares traded during the day was 5926 in over 240 trades.

The stock hit an intraday high of Rs. 506.25 and intraday low of 497.25. The net turnover during the day was Rs. 2975369.

Source : Equity Bulls

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