Oberoi Realty Limited has announced a major investment deal, securing ₹1,250 crore from Alpha Wave Ventures II, LP for its joint venture entity, I-Ven Realty Limited. The agreement, finalized on March 20, 2025, involves the issuance of securities to the investor, giving it a 21.74% stake in I-Ven on a fully diluted basis.
Under the terms of the Securities Subscription Agreement (SSA) and Shareholders’ Agreement (SHA), Oberoi Realty and its promoter, Vikas Oberoi, will undertake a restructuring of funds infused into I-Ven. As part of this process, I-Ven will issue redeemable preference shares at ₹400 per share to raise ₹165 crore, which will be used to repay outstanding loans and redeem existing preference shares.
This strategic investment aims to strengthen I-Ven Realty’s financial position and unlock growth opportunities in real estate development. The agreement also includes governance rights for the investor, including board representation and predefined exit mechanisms after a five-year lock-in period.
With this deal, Oberoi Realty reinforces its commitment to expanding its real estate footprint while attracting global investors to its projects.
