Oberoi Realty increases stake in Homexchange Ltd

Homexchange Limited ("HX") is a joint venture of Oberoi Realty Limited ("ORL").

HX was jointly incorporated by ORL and others with an authorised & paid-up equity share capital of Rs. 100.00 Lakh, with ORL subscribing to an amount of Rs. 50.00 Lakh of equity shares for a 50% stake.

HX has made a rights issue of its equity shares for an amount of Rs. 1900.00 Lakh. With the objective of re-calibrating promoter inter-se shareholding in HX, ORL has subscribed to Rs. 900.00 Lakh of equity shares of HX at par value. Accordingly, ORL's shareholding in HX post right issue stands at 47.5%.

HX has been engaged, in the business of rendering of consulting and advisory services in the field of real estate in India.

Shares of Oberoi Realty Limited was last trading in BSE at Rs. 920.40 as compared to the previous close of Rs. 914.55. The total number of shares traded during the day was 68689 in over 2900 trades.

The stock hit an intraday high of Rs. 934.30 and intraday low of 902.70. The net turnover during the day was Rs. 63124670.00.

Source : Equity Bulls

Keywords

OberoiRealty INE093I01010 StakeIncrease Homexchange