Investment9 May 2025, 02:21 pm
Oberoi Realty Ltd Announces INR 1250 Crore Investment by Alpha Wave Venture, II, LP in I-Ven Realty
AI Summary
Oberoi Realty Ltd has announced the completion of a proposed transaction with Alpha Wave Ventures II, LP. The transaction, approved by the board of directors of Oberoi Realty Limited, involves Alpha Wave Ventures II, LP investing INR 1250,00,00,100 in I-Ven Realty for a 21.74% stake on a fully diluted basis. The transaction was consummated on May 9, 2025, with Alpha Wave Ventures II, LP being allotted 2,77,778 Series A CCPS and 10 Class A Equity Shares. Post-transaction, Oberoi Realty Limited holds 39.13% of the equity share capital of I-Ven on a fully diluted basis. The shareholders’ agreement between the parties has also come into effect.
Key Highlights
- Oberoi Realty Ltd announces INR 1250 Crore investment by Alpha Wave Ventures II, LP in I-Ven Realty
- Alpha Wave Ventures II, LP to invest INR 1250,00,00,100 for a 21.74% stake in I-Ven Realty on a fully diluted basis
- Transaction consummated on May 9, 2025, with Alpha Wave Ventures II, LP being allotted 2,77,778 Series A CCPS and 10 Class A Equity Shares
- Oberoi Realty Limited holds 39.13% of the equity share capital of I-Ven on a fully diluted basis post-transaction
- Shareholders’ agreement between the parties has come into effect