Oberoi Realty approved the issuance of NCDs worth up to Rs 1,500 crore

For more than 40 years, our passionate designs have enhanced, uplifted, and inspired your daily life. At Oberoi Realty, we have perfected the craft of building impeccable, sustainably designed lifestyle standards. Luxurious living’s future is now. In Mumbai’s real estate market, Oberoi Realty has represented integrity, openness, state-of-the-art technology, and exceptional customer service for more than 40 years. Our growth and respectability are based on our commitment to upholding our vision, mission, and the six pillars that guide everything we do. Our values are the foundation of our organization.

Oberoi Realty is using NCDs to raise a sum of Rs 1500 Crore

Oberoi Realty Ltd. has approved up to Rs. 1,500 crore in non-convertible debentures (NCDs) to be issued through a private placement. By the company’s stock exchange filing, the Board of Directors’ Operations Committee approved the private placement of non-convertible debentures up to a value of Rs. 1,500 crore.

Oberoi Realty was permitted to raise Rs 6,000 crore last week

Oberoi Realty said last week that the board of directors had approved the plan to raise Rs. 6,000 crore through a variety of financial instruments. This fundraising campaign, which calls for the issuance of qualifying securities, equity shares, and other instruments in one or more tranches, has the board’s approval. The business added that qualified institutional placements (QIPs), a type of private placement, are one way to raise capital.

Finance for Oberoi Realty

Oberoi Realty’s net profit increased by 81.8% YoY to Rs. 584.5 crore for the first quarter that ended on June 30, 2024. Oberoi Realty reported that its quarterly net profit for the previous comparable period was Rs. 321.6 crore in a regulatory filing.

In the previous fiscal year, the revenue from operations increased from Rs. 910 crore to Rs. 1,405.2 crore, a 54.4% increase. EBITDA jumped from Rs. 473.7 crore to Rs. 815.1 crore in the first quarter of this fiscal year, a 72% increase over the same period last year.

Over 6% of Oberoi Realty Ltd stock is lost in a single day

The stock of Oberoi Realty Ltd. has dropped more than 6% in a single day and is currently trading at Rs. 1,908.65 per share, a slight recovery from the stock’s low of Rs. 1,898.90 per share.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.