An existing institutional investor in real estate firm Oberoi Realty Ltd is expected to sell approximately 3% of the company’s equity through a block deal, sources privy to the developments told CNBC-TV18.
The total transaction size is pegged at $230 million, the sources told CNBC-TV18. The floor price for the block deal has been set at ₹1,753.2 per share, which represents a 4% discount to the stock’s closing price on Tuesday, July 22. The deal is structured as a clean-out trade. The identity of the selling investor has not been disclosed.
First quarter results
Oberoi Realty reported a 28% year-on-year (YoY) decline in net profit at ₹421.2 crore for the first quarter that ended June 30, 2025. In the corresponding quarter of the previous fiscal, Oberoi Realty posted a net profit of ₹585 crore.
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The company’s revenue from operations fell 29.7% to ₹987.5 crore against ₹1,405 crore a year ago. At the operating level, EBITDA slid 36% to ₹520.4 crore over ₹815 crore YoY. The EBITDA margin stood at 52.7% in the reporting quarter compared to 58%.
Oberoi Realty has declared an interim dividend of ₹2 per equity share for FY25-26, representing 20% of the face value of ₹10 per share. The record date for the dividend is set as July 25, 2025, and the payment will begin on or before August 7, 2025.
Vikas Oberoi, Chairman and Managing Director, Oberoi Realty, said, “Demand for luxury homes remains strong, fuelled by rising aspirations and a growing desire for an enhanced lifestyle.”
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“We are pleased to report another healthy quarter, driven by the successful tower launch at Elysian, Oberoi Garden City, Goregaon,” he added.
Shares of Oberoi Realty Ltd ended at ₹1,825.50, down by ₹10, or 0.54%, on the BSE.
