NEW DELHI: Investment management firm Invesco has sold over 2 crore shares of real estate companies Oberoi Realty and Lodha Developers for a total of ₹3,202 crore through open market transactions.
The US-based firm, via its affiliate Invesco Developing Markets Fund, divested a little over 1 crore equity shares—2.95% of its stake in Oberoi Realty, according to bulk deal data from the BSE.
Shares were sold at ₹1,754.26 each, totaling roughly ₹1,883.21 crore. As of the June quarter, Invesco Developing Markets Fund held a 3.01% stake in Oberoi Realty.
In a separate transaction on the NSE, the fund sold 95.25 lakh shares (nearly 1% stake) in Lodha Developers at ₹1,384.93 each, amounting to ₹1,319.24 crore.
Meanwhile, SBI Mutual Fund acquired 40.94 lakh shares (1.13% stake) in Oberoi Realty for ₹718.18 crore at an average price of ₹1,754.10 each on the BSE.
Details regarding other buyers of Oberoi Realty shares and Lodha Developers shares were not disclosed on their respective exchanges.
Shares of Lodha Developers (Macrotech) fell by 7.65%, closing at ₹1,332 on the NSE, while Oberoi Realty dropped by 3.23% to close at ₹1,766.60 on the BSE.
Earlier this week, Oberoi Realty announced a 28% reduction in its consolidated net profit to ₹421.25 crore for the quarter ending June, down from ₹584.51 crore in the same period last year. Total income also decreased to ₹1,073.98 crore from ₹1,441.95 crore.
On the operational side, the company sold properties worth ₹1,639 crore in the April-June quarter of the 2025-26 fiscal year.
