Oberoi Realty Ltd board approves fund raising through NCDs, QIP

The Board of Directors of Oberoi Realty Ltd at their meeting held on May 14, 2021 has subject to approval of the members (wherever required), passed enabling resolutions for issue of non-convertible debentures up to an aggregate amount of Rs. 1500,00,00,000 (Rupees One Thousand Five Hundred Crore only) by way of private placement, in one or more offering(s) and / or tranches(s).

The board also approved issue of equity shares and / or any other securities convertible into equity for an aggregate amount not exceeding Rs. 2000,00,00,000 (Rupees Two Thousand Crore only), including premium, by way of one or more qualified institutions placement to qualified institutional buyers in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, and related matters thereto.

Shares of OBEROI REALTY LTD. was last trading in BSE at Rs.532.9 as compared to the previous close of Rs. 553.4. The total number of shares traded during the day was 16128 in over 818 trades.

The stock hit an intraday high of Rs. 561 and intraday low of 530.5. The net turnover during the day was Rs. 8706136.

Source : Equity Bulls

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