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.
