Oberoi Realty Block Deal: 1.11 crore shares worth Rs 1,961 crore change hands, as stock fall 4% today
According to exchange data, about 1,11,31,361 shares of Oberoi Realty changed hands at a price of ₹1,762.05 per share, marking a significant institutional transaction. The deal was executed at a slight discount to the stock's previous close of ₹1,826.20 on Monday, which aligns with earlier reports suggesting a floor price in the ₹1,753–1,762 range, representing a ~4% discount.
The transaction is believed to be a clean-up trade by an existing institutional investor, allowing them to exit their stake completely. CNBC-TV18 had reported earlier that a block deal worth around $230 million (~₹1,920 crore) was likely to be executed in Oberoi Realty today, with the identity of the seller remaining undisclosed.
Shares of Oberoi Realty opened lower following the deal and were seen trading down about 3–4% as market participants digested the large supply of shares hitting the market.
Goldman Sachs was reportedly the banker to the deal, and Invesco Developing Markets Fund was speculated to be the seller, as per media reports.
Market watchers now await clarity on the buyers of the stake and further updates from the company or the exchanges.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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