Oberoi Realty’s board approves a new wholly owned subsidiary with ₹1 lakh of initial capital
- Mergers & acquisitions
- Real Estate
Oberoi Realty Limited has told the exchanges that its board, at a meeting on 16 Oct 2026 that ran from 2:30 PM to 3:45 PM, has approved the incorporation of a wholly owned subsidiary with an initial paid-up and subscribed share capital of ₹1 lakh. The subsidiary is to undertake projects as may be identified from time to time.
The company will subscribe to the entire initial share capital of ₹1,00,000, issued at par, in cash. The filing says the new company will operate in real estate construction and development, and will be a wholly owned subsidiary of Oberoi Realty Limited.
The company has not yet been incorporated, so its name and date of incorporation are not available. Its name will be as made available by the Ministry of Corporate Affairs, and the incorporation is subject to that office’s approval. The company is to be incorporated in India.
Inference
The amount involved is small, at ₹1 lakh of initial capital, and the subsidiary does not yet exist. The filing says only that it will take up projects as they are identified, so no specific project, location or investment is stated.
The filing does not say when the subsidiary will be set up or whether the company plans to put in more capital later. Any such step would be announced separately.
Reference: Original filing (PDF)
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