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Oberoi Realty: Consortium1 to pay INR9.2 billion for Hotel Horizon plan
ByAinvest
Monday, Jul 14, 2025 10:34 pm ET1min read
Oberoi Realty: Consortium1 to pay INR9.2 billion for Hotel Horizon plan
Mumbai, July 2, 2025: Oberoi Realty Limited, a prominent real estate company, has announced that a consortium led by the company has secured a ₹919 crore resolution plan for Hotel Horizon Private Limited (HHPL), a prime real estate property in Mumbai's Juhu area. The approval was granted by the Committee of Creditors (CoC) of HHPL on July 14, 2025 [1].The resolution plan involves a total payment of ₹919 crore, including any additional statutory payments, for the full and final settlement of outstanding claims and unpaid Corporate Insolvency Resolution Process (CIRP) costs. The payment is to be made within 45 days from the date of approval by the National Company Law Tribunal (NCLT), Mumbai Bench [1].
The consortium, which includes Oberoi Realty, Shree Naman Developers, and JM Financial Properties and Holdings, will subscribe to ₹1 crore worth of fresh shares, thereby acquiring 100% ownership and control of HHPL. The acquisition aligns with Oberoi Realty’s core business strategy and will be executed either directly by the consortium or through a special purpose vehicle (SPV) to be formed [1].
The shares of Oberoi Realty Ltd ended at ₹1,804.55, down by ₹30.95, or 1.69%, on the BSE following the announcement [1].
References:
[1] https://www.cnbctv18.com/market/stocks/oberoi-realty-share-price-led-consortium-wins-rs-919-crore-resolution-plan-for-hotel-horizon-in-mumbais-juhu-19637105.htm
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