Sobha sets record date for rights issue; Stock jumps 7.5%

Sobha Ltd’s a leading real estate developer’s share price rose 7.5% to ₹2,219 after announcing a ₹2,000 crore rights issue, offering 12,107,981 shares at ₹1,651 each. The record date is mentioned as June 19, 2024. Sobha Limited is engaged in the construction to operations of townships, housing projects, commercial premises, and other related activities.