Oberoi Realty Acquires Hotel Horizon Under Insolvency Code

Oberoi Realty Limited ( (IN:OBEROIRLTY) ) has issued an announcement.

Oberoi Realty Limited has acquired Hotel Horizon Private Limited through a process conducted under India’s Insolvency and Bankruptcy Code, 2016. The transaction indicates Oberoi Realty’s continued push into hospitality assets via distressed opportunities, potentially adding to its portfolio of hotel and mixed-use developments and strengthening its position in the hospitality and real estate markets by securing a hotel property through a structured resolution mechanism.

More about Oberoi Realty Limited

Oberoi Realty Limited is an Indian real estate developer primarily engaged in residential, commercial, retail and hospitality projects, with a focus on high-end and premium properties in key urban markets. The company leverages integrated development capabilities to expand its portfolio across income-generating assets and lifestyle-focused developments, targeting both end-users and institutional stakeholders in the real estate and hospitality space.

Average Trading Volume: 28,808

Technical Sentiment Signal: Hold

Current Market Cap: 534.6B INR

See more data about OBEROIRLTY stock on TipRanks’ Stock Analysis page.