Subsidiary8 May 2026, 07:21 pm
Oberoi Realty to Incorporate Wholly Owned Subsidiary
AI Summary
Oberoi Realty Ltd's board has approved the incorporation of a wholly owned subsidiary (WOS) with an initial paid-up and subscribed share capital of ₹1 Lakh. The WOS will undertake projects as identified from time to time, focusing on real estate construction and development. The incorporation is subject to the approval of the Ministry of Corporate Affairs.
Key Highlights
- Oberoi Realty's board approved a wholly owned subsidiary on May 8, 2026.
- The subsidiary will have an initial paid-up capital of ₹1 Lakh.
- The WOS will focus on real estate construction and development projects.
- Oberoi Realty will hold 100% shareholding and control of the subsidiary.
- The incorporation is subject to approval from the Ministry of Corporate Affairs.
Price Impact
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