OBEROIRLTY

** Indian real estate developer Oberoi Realty OEBO.NS skids 3.3% to 1,765.3 rupees; set for worst day since early-May

** About 509,000 shares changed hands in eight block deals priced between 1,756.3-1,771.9 rupees apiece - data compiled by LSEG showed

** Block deals at 3%-3.8% discount on Tuesday's last close

** Stock eyes busiest trading session since early-June

** Overall, more-than 2 million shares traded, volumes at 3.6x the 30-day avg

** Year-to-date, stock down ~24%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

July 21 (Reuters) - Oberoi Realty Ltd OEBO.NS:

• DECLARES INTERIM DIVIDEND OF 2 RUPEES PER SHARE

Source text: ID:nBSE59WjG3

Further company coverage: OEBO.NS

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Adds valuation in paragraph 1, background, analyst comment and context in paragraphs 3-11

June 2 (Reuters) - Shares of Schloss Bangalore SCHL.NS, owner of luxury hotel chain "The Leela", debuted 6.7% lower on Monday, valuing the company at 137.97 billion rupees ($1.62 billion).

The stock listed at 406 rupees on India's National Stock Exchange, compared to its issue price of 435 rupees. It was last down at 428 rupees.

Brookfield Asset Management BAM.TO-owned Schloss, whose$409 million IPO was the second-largest in India this year after Hexaware Technologies' $1 billion offering, had targeted a valuation of about $1.7 billion. The issue was oversubscribed nearly five times last week.

Schloss was expected to list weakly on concerns of rich valuation, debt and lower room occupancy rates than peers.

Its room occupancy was at roughly 70% for fiscal 2025, its prospectus showed. Occupancy levels for rivals Indian Hotels Company Ltd IHTL.NS and EIH Associated Hotels EIHA.NS were 78% and 79% respectively, company statements show.

"Taj"-owner Indian Hotels is valued at $12.76 billion while "Oberoi"-parent is valued at $273.3 million.

So far this year, IHCL and EIH Associated Hotels are down 12% and 5% respectively, compared to a 4% gain in blue-chip Nifty 50 index .NSEI. On the day, the benchmark was down 0.6%.

Schloss had initially filed for IPO last year to trim down its debt levels, which at the end of fiscal year 2025 stood at 25.68 billion rupees - a 32% decline on-year.

In comparison, liabilities at the end of the fiscal year 2025 at Indian Hotels and EIH Associated Hotels stood at 19.04 billion rupees and 1.10 billion rupees respectively.

"This lower interest is justified given investor concerns around the IPO's valuation, the company’s significant debt burden even after recent reductions, and operational challenges such as occupancy rates lagging behind industry averages," Prashanth Tapse, senior vice president (research) at Mehta Equities said.

Institutional buyers bid for more than seven times the shares allotted for them in Schloss, while retail investors bid for just 83%.

($1 = 85.4150 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Nivedita Bhattacharjee)

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March 20 (Reuters) - Oberoi Realty Ltd OEBO.NS:

• APPROVES AGREEMENT WITH ALPHA WAVE VENTURES

• I-VEN TO ISSUE SECURITIES TO ALPHA WAVE FOR 12.50 BILLION RUPEES

Source text: ID:nNSE80ZhsW

Further company coverage: OEBO.NS

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** Shares of Oberoi Realty OEBO.NS slump 7.3% to 1,858 rupees, their worst one-day pct loss in nearly eight months

** OEBO top loser in Nifty realty index .NIFTYREAL, down 3.1%

** Stock is also among top losers in mid-cap index .NIFMDCP100, down 1.6%

** OEBO on Monday reported strong Q3 results, but analysts flagged possible cancellations, sales slowdown at its new project in Thane, outside India's financial capital Mumbai

** Sales momentum in Thane project declined after successful launch, with overall quarterly sales lower than launch sales in Oct, implying potential cancellations - Ambit Capital analyst Karan Khanna

** OEBO down 20% in Jan, realty index down 13%

** Average rating of analysts covering OEBO is "hold"

** Peers Prestige Estates Projects PREG.NS, Macrotech Developers MACE.NS both rated "buy"

(Reporting by Sethuraman NR in Bengaluru)

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Jan 20 (Reuters) - Oberoi Realty Ltd OEBO.NS:

• APPROVED SCHEME OF AMALGAMATION OF NIRMAL LIFESTYLE REALTY WITH OBEROI REALTY

Source text: ID:nBSE88g008

Further company coverage: OEBO.NS

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** Shares of real estate developer Oberoi Realty OEBO.NS rise as much as 7.8% to a record high of 2,281.80 rupees

** Stock last up 6.7%; top pct. gainer among realty stocks .NIFTYREAL

** Axis Securities initiates coverage on OEBO with "buy" rating and Street's second-highest PT of 2,560 rupees

** Brokerage likes company's dominance in Mumbai's luxury real estate market and the brand's ability to command higher realisations

* OEBO's strong cash flows, high margins and low leverage will not only help it grow, but also "weather difficult periods effectively" - Axis

** More than 3.1 mln shares traded, ~2 times the 30-day avg volume - LSEG data

** OEBO is the only stock on the 10-member Nifty Realty .NIFTYREAL index that has the average rating of "hold"; rest rated "buy" or higher - LSEG data

** OEBO up ~57% YTD vs a 43% gain in the realty index

(Reporting by Nandan Mandayam in Bengaluru)

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** Shares of real estate firm Oberoi Realty OEBO.NS surge 4.6% to a record high of 2,155.05 rupees

** Nomura initiates stock with "buy" rating and PT of 2,500 rupees, second-highest of Street coverage after Antique Broking's 2,688 rupees - LSEG data

** Nomura's PT is 21% premium to stock's last close

** Says co benefits from lower land costs and higher revenue generation in Goregaon, Andheri East development projects

** Adds co has multiple high-margin projects in inventory and its new launch pipeline will support core profit margins for residential business till end-FY26

** Overall hotel revenue will record a 35% CAGR over FY24-27 as businesses become operational - Nomura

** Expects FY25 pre-sales of 68 bln rupees, 71% y/y growth

** OEBO up ~49% YTD

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Adds chart, no changes to text

By Bharath Rajeswaran

Nov 7 (Reuters) - MSCI added five Indian companies to its Global Standard Index late on Wednesday, a move that brokerage Nuvama said would lift the country's weightage on the index to 20%, further narrowing the gap with China.

MSCI said there would be 156 Indian stocks in the index, but that is only one-fourth of China's 598, signalling scope for further inclusion of Indian stocks on the index.

The changes will take place after the markets close on Nov. 25, MSCI said.

The inclusion of the stocks will lift India's weightage in the index to a record 19.8% from 19.3% earlier, narrowing the gap with China, which has slipped to 26.8% from 27%, Nuvama Alternative and Quantitative Research estimated.

It will also likely attract $2.5 billion in passive inflows into India's equity markets, Nuvama said.

China has the highest weightage in the MSCI Global Standard index, while India has been in second place since the end of 2021.

Air conditioner maker Voltas VOLT.NS, realty developer Oberoi Realty OEBO.NS, stock exchange operator BSE BSEL.NS, Kalyan Jewellers KALN.NS, and drug maker Alkem Laboratories ALKE.NS are the latest additions to the index.

Indian markets saw inflows of about $3 billion into equities after the previous MSCI rebalancing in August when seven stocks were added.

"We remain extremely bullish on India, especially with active participation from mutual funds and high net worth individuals (HNIs)/retail investors, and anticipate many more inclusions in the emerging markets index," said Abhilash Pagaria, head of Nuvama research.

Seven existing stocks, including top private lender HDFC Bank HDBK.NS and Tata Power TTPW.NS, saw an increase in their weightage.

HDFC Bank is now the highest-weighted Indian stock in the MSCI indices at 7.08%, surpassing Reliance Industries' RELI.NS 6.08%.

No Indian companies have been removed from the MSCI Global Standard Index so far in November.

Additionally, around 13 firms, including Eureka Forbes EURK.NS, Indegene INEG.NS, and PC Jeweller PCJE.NS, were added to the MSCI Small Cap Index, bringing the total number of small-cap stocks to 525.

(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Abinaya Vijayaraghavan)

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MUMBAI, Oct 23 (Reuters) - India's Oberoi Realty OEBO.NS has accepted bids worth 15 billion rupees ($178.5 million) for bonds maturing in two years, three years, and four years, two merchant bankers said on Wednesday.

It will pay a coupon of 7.95%, 8.00%, and 8.05% on two-year, three-year and four-year bonds, respectively, which would be payable on a quarterly basis.

The company had invited bids from bankers and investors earlier in the day. It did not immediately respond to a Reuters' email seeking comment.

Here is the list of deals reported so far on Oct. 23:

*Size includes base plus greenshoe for some issues

($1 = 84.0560 Indian rupees)

(Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)

(([email protected]))

** Shares of Oberoi Realty OEBO.NS rise 3.1% to 1,991 rupees; on track for best one-day pct gain since late May, if trend holds

** The real-estate developer's Q2 consol net profit grew 29% y/y, rev from ops jumped 8.5%, boosted by strong demand for premium projects

** Stock top gainer on the Nifty realty index .NIFTYREAL, which is down 0.14%

** OEBO and peer Prestige Estates PREG.NS (up ~1%) are only two stocks logging gains in the 10 member NIFTYREAL

** Analysts' avg rating on OEBO is "hold", median PT is 1,812.5 rupees

** Stock up ~38% YTD vs ~34% gains in NIFTYREAL

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Oct 18 (Reuters) - Oberoi Realty Ltd OEBO.NS:

• Q2 CONSOL NET PROFIT 5.89 BILLION RUPEES

• Q2 CONSOL REVENUE FROM OPERATIONS 13.20 BILLION RUPEES

Further company coverage: OEBO.NS

(([email protected];))

Oct 16 (Reuters) - Oberoi Realty Ltd OEBO.NS:

• OBEROI REALTY - APPROVED ISSUANCE OF NCDS OF UPTO 15 BILLION RUPEES

Source text for Eikon: ID:nBSE4K2jYJ

Further company coverage: OEBO.NS

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** Oberoi Realty OEBO.NS rises 3.2% to a record high of 1,980 rupees; on track for fifth straight session of gains

** Stock top gainer on Nifty realty index .NIFTYREAL, which is up 0.9%

** Co says it will consider raising funds through the issue of non-convertible debentures on Oct. 16

** Analysts' avg rating is "hold" vs "buy" on peer Macrotech Developers MACE.NS; OEBO's median PT is 1,775 rupees - LSEG

** Stock last up 2.8%, extending YTD gains to 37% vs NIFTYREAL's 34% rise

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

Oct 11 (Reuters) - Oberoi Realty Ltd OEBO.NS:

• TO CONSIDER FUND RAISING BY WAY OF ISSUANCE OF NON-CONVERTIBLE DEBENTURES

Source text for Eikon: ID:nBSE4dlxkd

Further company coverage: OEBO.NS

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Oct 10 (Reuters) - Oberoi Realty Ltd OEBO.NS:

• APPROVED RAISING OF FUNDS WORTH UP TO 60 BILLION RUPEES

• APPROVED RAISING OF FUNDS VIA ISSUANCE OF SHARES, OTHER SECURITIES

Source text for Eikon: ID:nNSE2gsQNd

Further company coverage: OEBO.NS

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Aug 12 (Reuters) - Oberoi Realty Ltd OEBO.NS:

• NCLT APPROVES CO'S RESOLUTION PLAN FOR NIRMAL LIFESTYLE REALTY

• PLAN PROVIDES FOR PAYMENT OF 2.73 BILLION RUPEES TO CREDITORS FOR SETTLEMENT

Further company coverage: OEBO.NS

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** Shares of real estate developer Oberoi Realty OEBO.NS rise as much as 3% to 1,835 rupees, highest intraday gain since June 18

** OEBO entered a deal for development and redevelopment of land in Bandra (West), Mumbai

** Co expects to generate a free sale component of around 40,000 square feet from the project

** Average analyst rating on stock is "hold"; median PT is 1,649 rupees, a discount of 10% to the day's high - LSEG data

** YTD, OEBO has gained 27.05% v/s a 40.34% climb in the Nifty realty index .NIFTYREAL

(Reporting by Anisha Ajith in Bengaluru)

(([email protected];))

July 29 (Reuters) - Oberoi Realty Ltd OEBO.NS:

• ENTERS AGREEMENT FOR DEVELOPMENT AND REDEVELOPMENT OF LAND AT MUMBAI

• LAND ADMEASURING APPROXIMATELY 2,576 SQUARE METERS

• EXPECTS TO GENERATE FREE SALE COMPONENT OF AROUND 40,000 SQUARE FEET FROM DEVELOPMENT

Source text for Eikon: ID:nNSE277xkq

Further company coverage: OEBO.NS

(([email protected];))

** Shares of Oberoi Realty OEBO.NS rise 4.6% to 1,749 rupees

** Stock top gainer in Nifty realty index .NIFTYREAL, which is down 0.6%

** The real estate firm posts profit rise of 82% in Q1, aided by higher prices

** Revenue from operations rose ~54% Y/Y

** Average analyst rating is "Hold"; median PT is 1,491.5 rupees - LSEG data

** Stock up 22% so far this year vs ~39% climb in Nifty realty index

(Reporting by Yagnoseni Das in Bengaluru)

(([email protected]))

July 19 (Reuters) - Oberoi Realty Ltd OEBO.NS:

• OBEROI REALTY - DIVIDEND 2 RUPEES PER SHARE

Source text for Eikon: [ID:]

Further company coverage: OEBO.NS

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** Shares of real estate firm Oberoi Realty OEBO.NS rise as much as 7.2% to 1,629.05 rupees, hitting a record high

**Top gainer on Nifty realty index .NIFTYREAL

**OEBO on Tuesday reported a 64.1% jump in Q4 profit to 7.88 billion rupees ($94.4 million), beating LSEG estimate of 4 billion rupees

** Co recorded highest ever quarterly and annual profits driven by robust sales momentum, healthy operational performance, OEBO said in its press release

** More than 2.9 million shares change hands in the most active trading session since Jan. 24, 2024

** Average analyst rating is "Hold"; median PT is 1,323 rupees rupees - LSEG data

** Stock has gained 10.3% so far this year vs 24.15% climb in Nifty realty index <.NIFTYREAL.

($1 = 83.4925 Indian rupees)

(Reporting by Anisha Ajith in Bengaluru)

(([email protected]))

May 14 (Reuters) - Oberoi Realty Ltd OEBO.NS:

• REAPPOINTMENT OF VIKAS OBEROI AS MANAGING DIRECTOR

Source text for Eikon: ID:nBSExtYm4

Further company coverage: OEBO.NS

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May 9 (Reuters) - Oberoi Realty Ltd OEBO.NS:

• OBEROI REALTY LTD - TO CONSIDER AND PASS ENABLING RESOLUTION FOR FUND RAISING

Source text for Eikon: ID:nBSE8FTPdH

Further company coverage: OEBO.NS

(([email protected];))

Feb 16 (Reuters) - Oberoi Realty Ltd OEBO.NS:

• OBEROI REALTY ENTERED INTO AGREEMENT WITH MARRIOTT INTERNATIONAL

• AGREEMENT MARKS DEVELOPMENT OF TWO MARRIOTT PROPERTIES

Source text for Eikon: ID:nBSE2rg68w

Further company coverage: OEBO.NS

(([email protected];;))

BENGALURU, Feb 6 (Reuters) - India's Godrej Properties GODR.NS reported a 6% increase in third-quarter profit on Tuesday, led by the strong demand for residential homes.

The Godrej Group company's consolidated net profit was 622.7 million rupees ($7.5 million) for the quarter ended Dec. 31, compared with 587.4 million rupees a year earlier.

Revenue from operations more than doubled to 3.3 billion rupees, with bookings increasing proportionately to 57.2 billion rupees.

For further highlights, click (Full story)

KEY CONTEXT

Residential real estate has seen a boom in some parts of India such as Delhi-NCR, led by increased demand from more affluent Indians investing in premium housing.

Godrej Properties primarily operates in residential apartments, which constitutes its largest revenue source, premium houses and commercial spaces. Delhi-NCR serves as its largest sales contributor.

Rival DLF, which operates primarily in Delhi-NCR, has also reported a jump in third-quarter profit. However, Oberoi Realty's profit nearly halved, hurt by sluggish sales in Mumbai.

PEER COMPARISON

* Mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** Ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

OCT-DEC STOCK PERFORMANCE

-- All data from LSEG

-- $1 = 83.0480 Indian rupees

(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Dhanya Ann Thoppil)

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** Shares of India's Oberoi Realty OEBO.NS down as much as 8.84% at 1,371.20 rupees, logs sharpest intraday pct drop since Feb. 24, 2022

** Q3 consol net profit nearly halved y/y, rev from ops slumped more than 35%, co said

** OEBO among top losers in Nifty Realty index .NIFTYREAL which is down 2.5%

** Weak show in residential business, sales decline in two Mumbai projects hit co's overall performance - Motilal Oswal

** About 1.6 mln shares changed hands by 12:04 p.m. IST, more than twice of 30-day avg

** OEBO trading at 1,385.5 rupees, 14.5% higher than the average PT set by 20 analysts covering the stock - LSEG data

** Stock down ~4% so far this year, after four straight annual gains

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

Jan 22 (Reuters) - Oberoi Realty Ltd OEBO.NS:

• ACHIEVES GROSS BOOKINGS OF ABOUT 8.82 BILLION RUPEES AT LAUNCH OF NEW TOWER IN ELYSIAN AT OBEROI GARDEN CITY, MUMBAI

Further company coverage: OEBO.NS

(([email protected];))

Dec 5 (Reuters) - NRB Bearings Ltd NBEA.NS:

• ENTERED INTO MOU WITH OBEROI REALTY

• SOLD AND TRANSFERRED LAND ADMEASURING ABOUT 25,700 SQUARE METERS SITUATED AT THANE FOR CONSIDERATION OF 1.96 BILLION RUPEES

Source text for Eikon: ID:nBSE7Wpxg9

Further company coverage: NBEA.NS

(([email protected];))

** Shares of Oberoi Realty OEBO.NS up 3.3% at 1,393.15 rupees

** Stock on track for fifth consecutive session of gains if trend holds

** Co launches a luxury residential project in Thane in Maharashtra state

** Stock hit record high in previous session after foray into National Capital Region (NCR)

** More than 679,000 shares traded by 9:54 a.m. IST, about the same volume as their 30-day avg

** Seven brokerages rate the stock "buy" or higher, 8 "hold" and 6 "sell" or lower; their median PT is 1,140 rupees - LSEG data

** Stock up ~59% YTD vs more than 61% gain in Nifty realty index .NIFTYREAL

(Reporting by Rama Venkat in Bengaluru)

(([email protected]; https://twitter.com/ramavenkat0607;))