Tuesday, January 19, 2010

Oberoi Realty files IPO papers

Oberoi Realty files IPO papers
The Hindu Business Line, January 19, 2010, Page 11

Our Bureau, Mumbai

Mumbai-based Oberoi Realty filed its draft red herring prospectus for an IPO of 39,562,000 equity shares with a face value of Rs 10 at a price band to be decided later. Sources said the company proposes to raise over Rs 1,500 crore. The issue, which will be through the 100 per cent book building process, will constitute a dilution of 12 per cent of the paid-up equity share capital.

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