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Oberoi Realty - Clarity On Proposed Worli Transaction Emerges: ICICI Securities

It has issued a clarification to stock exchanges w.r.t its proposed 50% area buyout in its super-luxury 360 West, Worli project

<div class="paragraphs"><p>Oberoi Realty Ltd.'s 360 West Tower. (Source: Company website)</p></div>
Oberoi Realty Ltd.'s 360 West Tower. (Source: Company website)

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ICICI Securities Report

Oberoi Realty Ltd. has issued a clarification to stock exchanges on November 24, 2022 with-respect-to its proposed 50% area buyout in its completed super-luxury 360 West, Worli project for a consideration of up to Rs 40 billion.

While investors have been concerned over a possible rise in the company’s debt levels owing to this proposed transaction, Oberoi Realty has sought to allay these concerns and guides that this will be a cash neutral transaction for the company.

Key risks are a decline in demand for residential properties and weakness in office leasing.

Click on the attachment to read the full report:

ICICI Securities Oberoi Realty Update.pdf

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