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.
Choice International Ltd’s shares were up 5.20 per cent after the company said its subsidiary, Choice Consultancy Services Pvt Ltd, had bagged a project worth ₹520 crore for the development of a solar plant for Jodhpur Vidyut Vitran Nigam Ltd, in a joint venture partnership with Solar91 Cleantech Pvt Ltd. Choice & Solar91 would act […]
Target: ₹730 CMP: ₹564.70 Profit jumped 40 per cent y-o-y in Q4-FY24 to ₹140 crore, in line with our estimate. The incurred claims ratio came in at 64.1 per cent (360bp y-o-y) vs. our estimate of 62.7 per cent in Q4. The expense ratio (including commission) stood at 28.6 per cent vs. our estimate of […]
Westbridge-backed managed workplace solutions company, IndiQube Spaces Ltd, has filed its draft red herring prospectus (DRHP) with the capital markets regulator, SEBI, to raise funds through an IPO. The company plans to raise ₹750 crore through a fresh issue of equity shares and ₹100 crore through an offer-for-sale (OFS) by the promoter-selling shareholders, Rishi Das […]