Business Update11 Oct 2024, 01:52 am
OBEROI REALTY LTD. Approves Proposal to Raise Funds Up to Rs. 6,000 Crore
AI Summary
OBEROI REALTY LTD. announced the outcome of their Board of Directors meeting held on October 10, 2024. The board approved a proposal to enable the company to raise funds up to an aggregate amount of Rs. 6,000 Crore through various modes, including private placement and qualified institutions placement. The funds will be raised by issuing equity shares, eligible securities, other securities, or instruments, or any combination thereof. The decision is subject to approval from shareholders and regulatory authorities.
Key Highlights
- OBEROI REALTY LTD. to raise funds up to Rs. 6,000 Crore
- Funds to be raised through private placement and qualified institutions placement
- Issuance of equity shares, eligible securities, other securities, or instruments, or any combination thereof
- Subject to approval from shareholders and regulatory authorities
- Meeting held on October 10, 2024