Vikas Oberoi, a prominent figure in Mumbai's real estate sector, and his wife Gayatri, known for her role in 'Swades', are safe following a fatal car crash in Sardinia, Italy. The incident occurred on October 2, 2023, when their Lamborghini collided with a Ferrari (NYSE:RACE) while overtaking a campervan, tragically resulting in the death of two Ferrari passengers. After the accident, the couple promptly returned to Mumbai, as confirmed by Oberoi Realty.
The Italian State Department initiated an investigation into the crash with the assistance of a technical expert. Early rumors of double homicide charges against Vikas Oberoi were quickly dispelled. A CNBC-TV18 report has confirmed that no such charges have been filed. Claims suggesting road homicide charges against Vikas Oberoi in Italy were deemed baseless.
In the immediate aftermath of the accident news, shares of Oberoi Realty experienced an initial dip. This was short-lived, as they quickly recovered on Thursday, with a bounce back of 1.7% to Rs 1109.70 per share on Share Market Live NSE. According to InvestingPro data, Oberoi Realty has been a strong player in the Real Estate Management & Development industry and has consistently increased its earnings per share.
The company operates with a moderate level of debt and has shown a high return over the last decade. These factors, provided by InvestingPro, further underscore the resilience of the company in the face of adversity. The key figures at Oberoi Realty, Vikas Oberoi and his wife, emerged unscathed from the accident and continue their roles within the company.
For those interested in investing in real estate, Oberoi Realty might be worth considering. As the InvestingPro Tips suggest, the company yields a high return on invested capital and is trading at a low P/E ratio relative to near-term earnings growth. These are just two of the many insights available on InvestingPro, which offers a plethora of additional tips for informed investment decisions.
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