Oberoi Realty acquires Hotel Horizon via IBC resolution process
OBEROIRLTY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.5 pts less than Nifty Midcap 150 and 2.3 pts less than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Oberoi Realty has acquired Hotel Horizon Private Limited through the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016. The deal adds a hotel asset to Oberoi's hospitality portfolio, picked up as a distressed asset under the IBC route. Acquisition terms were determined via the NCLT-led insolvency bidding process. Specific deal value and resolution plan details were not shared in this filing.
Adds a hotel property to Oberoi's hospitality portfolio at likely favorable distressed-asset terms; positive if turnaround delivers value.