Oberoi Realty: Oberoi Realty to sell 21.74% in JV I-Ven Realty to Alpha Wave for Rs 1,250 crore
Oberoi Realty is selling a 21.74% stake in I-Ven Realty to Alpha Wave Ventures for Rs 1,250 crore. The deal involves the issuance of preference shares and outlines governance rights for Alpha Wave Ventures. This significant investment signals growing global interest in India's real estate sector.
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Oberoi Realty develops real estate projects in the areas of residential, commercial, retail, social infrastructure and hospitality in India.
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