Purchase of shares of I-Ven Realty Limited

| Updated on September 29, 2011 Published on September 29, 2011

Oberoi Realty Ltd has informed BSE that the Company has purchased:

(i) 5,00.000 equity shares of Rs. 10 each fully paid up; and

(ii) 3,62,500 1% Non-cumulative Non-Convertible Preference Shares - Series I of Rs.10 each fully paid up

of I-Ven Realty Limited from India Advantage Fund I, acting through its Investment Manager ICICI Venture Funds Management Company Limited. Further, Oberoi Realty Limited has also invested in optionally convertible debentures issued by I-Ven Realty Limited.

Consequent to the above, Oberoi Realty Limited holds

(i) 50% stake in the equity share capital and preference share capital (Series I) in I-Ven Realty Limited; and

(ii) 50% of the optionally convertible debentures in I-Ven Realty Limited.

Source : BSE - >www.bseindia.com

Published on September 29, 2011
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