Oberoi Realty (OBEROIRLTY) — Announcement

Oberoi Realty announced that its consortium’s resolution plan for Hotel Horizon Private Limited was approved by creditors, selecting them as the successful bidder and issuing a Letter of Intent to acquire the company’s Juhu waterfront land and retail-hotel project. The plan involves a cash payment of up to ₹919 crore to settle all creditor claims, including unpaid CIRP costs, and will transfer 100% ownership through an SPV. This strategic acquisition expands Oberoi Realty’s hospitality footprint into prime waterfront assets while providing a clear exit path for stressed creditors.

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About Oberoi Realty Limited (OBEROIRLTY)

Realty · Realty · Listed on NSE

Market Cap: ₹58,801.75 Cr P/E: 22.8

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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