The company may raise funds including a qualified institutions placement, or through any other permissible mode or combination of modes as may be considered appropriate in one or more tranches, subject to approval of the shareholders and any regulatory and/or statutory authorities, if applicable.
Oberoi Realty is a Mumbai based real estate development company. It is focused on premium developments in the residential, office space, retail, hospitality and social infrastructure projects.
The real estate developer’s consolidated net profit surged 81.73% to Rs 584.51 crore on 54.42% increase in revenue from operations to Rs 1405.16 crore in Q1 FY25 over Q1 FY24.
The scrip jumped 2.78% to close at Rs 1,885.35 on Thursday, 10 October 2024.