Oberoi Realty Limited — Board Meeting, 20-03-2025: Outcome of Board Meeting

Oberoi Realty Limited has announced a board meeting outcome where it approved a Securities Subscription Agreement with Alpha Wave Ventures II, LP, involving an investment of INR 12,500 crore for a 21.74% stake in I-Ven Realty Limited. Additionally, the board sanctioned the subscription of up to 41,25,000 redeemable preference shares at an amount of up to INR 165 crore, which will help I-Ven repay outstanding loans and redeem existing preference shares. This move is expected to streamline operations and strengthen financial stability at I-Ven, a joint venture of Oberoi Realty.