Oberoi Realty spurts after early payment of NCDs
Oberoi Realty, through its wholly-owned subsidiary, Incline Realty, has on 16 April 2020 prepaid 125 listed non-convertible debentures (NCDs) of Rs 1 crore each, aggregating to Rs 125 crore, and its interest payment. The scheduled date of repayment was 23 April 2020. The announcement was made after trading hours yesterday, 16 April 2020.
Oberoi Realty's consolidated net profit rose 7.47% to Rs 148.24 crore on a 0.23% fall in net sales to Rs 527.43 crore in Q3 December 2019 over Q3 December 2018.
Oberoi Realty is engaged in construction and real estate development, and hospitality. The company's segments include real estate and hospitality. The firm is involved in the development of approximately 40 projects that aggregates over 9.18 million square feet of space. It handles residential, commercial, retail, social infrastructure and hospitality projects.