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Oberoi Realty looking to raise funds via qualified institutional placement

Updated : May 25, 2018 03:08 PM IST

Oberoi Realty is looking to raise about Rs 1,200 crore which will entail a dilution of nearly 7% and bring down the promoter stake which currently stands at about 72%.

Oberoi Realty has mandated bankers for the Qualified Institutional Placement (QIP) issue. JM Financial and Morgan Stanley are on-board to manage this QIP.
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