Oberoi Realty Announces ₹1,250 Crore Investment in I-Ven Realty

Oberoi Realty has informed the stock exchanges that its Board has approved a significant transaction involving its joint venture company, I-Ven Realty Limited (I-Ven). 

The transaction includes the execution of a Securities Subscription Agreement (SSA) and a Shareholders’ Agreement (SHA) with Alpha Wave Ventures II, LP (Investor), Mr Vikas Oberoi, and I-Ven Realty Limited. 

As part of this agreement, I-Ven will issue securities to the investor for a total consideration of ₹1,250 crore, representing 21.74% of I-Ven’s share capital on a fully diluted basis. The transaction is subject to specific conditions outlined in the SSA.

The SHA establishes the terms governing the management of I-Ven and defines the rights and obligations of the Investor, Oberoi Realty, and Mr Vikas Oberoi upon completion of the proposed transaction. I-Ven is currently a joint venture between Oberoi Realty and Mr Vikas Oberoi, with both holding an equal share in the company. The SSA and SHA were executed on March 20, 2025, marking a key milestone in this strategic investment.

Fund Restructuring Through Rights Issue

As a pre-condition to the transaction, I-Ven will restructure its existing funds through a rights issue of redeemable preference shares at an issue price of ₹400 per share. The Company and Mr Vikas Oberoi will subscribe to these shares in equal proportion, with the primary goal of utilising the proceeds to repay outstanding loans and redeem existing preference shares held by the Company and Mr Vikas Oberoi.

In line with this restructuring, Oberoi Realty’s Board has approved the subscription of up to 41,25,000 redeemable preference shares, amounting to ₹165 crore. This strategic step is expected to strengthen I-Ven’s financial position while enabling smoother execution of the investment transaction.

Conclusion

Through this investment and restructuring, Oberoi Realty aims to enhance the growth potential of I-Ven and unlock greater value for its stakeholders. The partnership with Alpha Wave Ventures II, LP signals a strong commitment to expanding its real estate ventures while ensuring financial discipline in its operations.

On March 20, 2025, Oberoi Realty share price opened at ₹1,634.60 and closed at ₹1,642.00, up by 1.72%. The stock price touched its day’s high at ₹1,648.35. 

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