Oberoi Realty and Vikas Oberoi Invest ₹278 Crore in I-Ven Realty via Preference Shares

Oberoi Realty Limited and Mr. Vikas Oberoi Subscribe to Redeemable Preference Shares in I-Ven Realty Limited

On March 31, 2025, Oberoi Realty Limited announced the subscription and allotment of redeemable preference shares in I-Ven Realty Limited, a joint venture company equally owned by Oberoi Realty and Mr. Vikas Oberoi.​

Previously, on March 20, 2025, Oberoi Realty’s board approved the subscription of up to 41,25,000 redeemable preference shares from I-Ven at an issue price of ₹400 per share. In the first tranche, I-Ven issued 69,50,000 redeemable preference shares on a rights basis. Both Oberoi Realty and Mr. Vikas Oberoi subscribed to and were allotted 34,75,000 shares each, amounting to a total investment of ₹278 crore.​

This strategic investment underscores the commitment of Oberoi Realty and Mr. Vikas Oberoi to the growth and development of I-Ven Realty Limited.