Oberoi Realty prepays NCDs worth Rs 125 crore


Oberoi Realty, through its wholly owned subsidiary Incline Realty, on April 16 prepaid 125 listed Non-Convertible Debentures (NCDs) of Rs 1 crore each, aggregating to Rs 125 crore, and its interest payment, the company said in a BSE filing.

The scheduled date of repayment was April 23, 2020.

In March 2020, Invesco Global picked up equity shares worth Rs 220 crore of Oberoi Realty through open market transaction. The shares were bought on an average price of Rs 438.38 valuing the transaction at Rs 220 crore.

Oberoi Realty has reported 7 percent increase in consolidated net profit at Rs 148.24 crore for the quarter ended December 2019. Promoters held 67.70446 percent stake in the company as of Dec 2019.

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