Acquisitions12 May 2025, 02:19 pm
Alpha Wave Ventures II, LP Acquires 51% Stake in Oberoi Realty Ltd with Contractual Transfer Restriction
AI Summary
Alpha Wave Ventures II, LP has acquired a 51% stake in Oberoi Realty Ltd. The acquisition was made through a contractual transfer restriction pursuant to the shareholders’ agreement entered into by and amongst the Target Company, Mr. Vikas Oberoi, Alpha Wave Ventures II, LP, and I-Ven Realty Limited. The encumbrance has been created in respect of equity shares of the Target Company, which can be converted into equity shares. The restriction is not for securing any borrowing/amounts and falls within the definition of ‘encumbrance’ under the SEBI Takeover Code.
Key Highlights
- Alpha Wave Ventures II, LP has acquired a 51% stake in Oberoi Realty Ltd.
- The acquisition was made through a contractual transfer restriction pursuant to a shareholders’ agreement.
- The encumbrance has been created in respect of equity shares of the Target Company.
- The restriction is not for securing any borrowing/amounts.
- The acquisition falls within the definition of ‘encumbrance’ under the SEBI Takeover Code.