India, May 10 -- Listed real estate developer Oberoi Realty has sold its stake in joint venture I-Ven Realty for Rs.1,250 crore to Alpha Wave Ventures II, LP, the company announced in a regulatory filing.

"We refer to our letter dated March 20, 2025 whereby we have intimated, inter alia, the approval by the board of directors of Oberoi Realty Limited ("Company") for the execution of the securities subscription agreement dated March 20, 2025 entered into between the Company, Alpha Wave Ventures II, LP," the company said in a regulatory filing.

The regulator filing stated that Vikas Oberoi (CMD of Oberoi Realty), and I-Ven Realty Limited ("I-Ven") ("SSA"), pursuant to which I-Ven proposes to offer and issue securities to the Investor for ...