Sobha Shares, Sobha Stock Price News Live Updates: Sobha stock surges on board approval of ₹2,000-cr rights issue; stock jumps over 6%

adminJune 13, 2024

Updated – June 13, 2024 at 10:54 AM.

Sobha Share Price Live Updates: Shares of Sobha Ltd are making headlines 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. The shares were up by 5.85% to ₹2,184.65 on the BSE and by 6.08% to ₹2,187.80 on the NSE at 10.41 a.m.

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