Temasek to invest $51m in India's Oberoi Realty through preferential share issue

Oberoi Realty, India’s second largest realtor by market capitalisation, has raised $51 million in funding from Singapore state fund Temasek Holdings. The investment was routed though Tamesek subsidiary Aranda Investments. Oberoi Realty has proposed to make a preferential allotment of 11 million shares to Temasek, resulting in a 3.2 percent stake.