Markets
Sobha Share Price Updates: Sobha stock ends higher as board approves ₹2,000-cr rights issue, shares jump 5%
Sobha Share Price Updates: The stock closed at ₹2,168.90 on the BSE on Thursday, up by 5.09%, and at ₹2,165 on the NSE, up by 4.97%. Shares of Sobha Ltd are in news following the board’s approval of a rights issue to offer and issue equity shares worth ₹2,000 crore. The price of the rights issue has been fixed at ₹1,651 per equity share, a discount of 25 percent, the firm said. The issue will open on June 28 and will close on July 4. The company reported that the trading window for Sobha’s securities is closed until June 14, 2024, in accordance with insider trading regulations.
