MUMBAI: Oberoi Realty has raised Rs 1,200 crore though issue of shares through a Qualified Institutional Placement (QIP), the Mumbai-based realty developer said in a regulatory filing.The company has issued 2.40 crore shares at Rs 500 per piece, which is at a discount of Rs 9.29 per share to the floor price of Rs 509.29 per share determined as per the formula prescribed under SEBI ICDR regulations.
On Tuesday, shares of Oberoi Realty closed at Rs 506.55 per share, down 0.6 per cent over previous close.