Oberoi Realty Limited has applied the strike-off of its wholly-owned limited liability partnership, Astir Realty LLP
The stock is down by 18 per cent in the past 1 year and up by 90 per cent in 2 years.
Oberoi Realty Limited has filed an application for the strike-off of its wholly-owned limited liability partnership, Astir Realty LLP, from the register of limited liability partnerships. This move, made on March 19, 2025, is subject to approval by the concerned Registrar under the provisions of the Limited Liability Partnership Act, 2008. Astir Realty LLP contributed negligibly to Oberoi Realty's financial metrics, with no turnover and a minimal net worth contribution of Rs 21.80 lakh as of March 31, 2024. This strategic decision appears to streamline Oberoi Realty's operational focus, as the partnership had no significant financial impact on the company's consolidated figures. Investors might find this development noteworthy as it reflects the company's efforts to optimize its business structure.
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Oberoi Realty Ltd, headquartered in Mumbai, is a prominent real estate developer specializing in premium residential, office space, retail, hospitality, and social infrastructure projects. With 50 completed projects across Mumbai, the company has developed 161 lakh sq ft of area. Its business segments include real estate, which constitutes the majority of its operations, and hospitality, with The Westin Mumbai Garden City as a key asset. The company also boasts a robust portfolio of investment properties, contributing significantly to its revenue. Recent strategic initiatives include the launch of Oberoi Garden City in Thane and a joint development agreement for a luxury project in Alibaug. These moves highlight Oberoi Realty's focus on expanding its footprint in the luxury real estate market.
Today, Oberoi Realty's stock surged 0.65 per cent to Rs 1,624.30 per share. The stock’s 52-week high is Rs 2,349.80 per share and a low of Rs 1,353.20 per share. Oberoi Realty has a market capitalization of over Rs 59,000 crore. The stock is down by 18 per cent in the past 1 year and up by 90 per cent in 2 years. Its price-earnings (PE) ratio stands at 23.
Disclaimer: The article is for informational purposes only and not investment advice.