Oberoi Realty has successfully completed the sale of a Rs. 1,250 crore stake in its joint venture company, I-Ven Realty, to Alpha Wave Ventures II LP. The deal was finalised following the board's approval and execution of the definitive agreements in March 2025, with the transaction being officially completed on May 9, 2025.

As part of the stake sale, Alpha Wave Ventures has been allotted 2,77,778 Series A compulsorily convertible preference shares (CCPS) at an issue price of Rs. 44,999.964 per share, along with 10 Class A equity shares at Rs. 10 each. This investment grants Alpha Wave Ventures a 21.74% stake in I-Ven Realty on a fully diluted basis.

Following the transaction, Oberoi Realty's stake in I-Ven Realty now stands at 39.13% on a fully diluted basis.

This stake sale is part of Oberoi Realty's broader strategy to unlock value from its joint venture and introduce a strategic, long-term institutional partner to help scale the platform. The proceeds from the transaction will be used to repay outstanding loans and redeem existing preference shares, benefiting both Oberoi Realty and its key stakeholders, including Vikas Oberoi, one of the major investors in I-Ven Realty.

The successful completion of this deal marks a significant milestone for Oberoi Realty, enabling the company to strengthen its financial position and focus on future growth, while Alpha Wave Ventures brings in fresh capital and expertise to help further develop I-Ven Realty's projects.