Sobha Rights Issues 2024 FAQ's

Sobha Rights Issues 2024 price is set at ₹1651 per Share. The Sobha Rights Issues 2024 opens on June 28, 2024, and closes on July 4, 2024, for the subscription.

The allotment of Sobha Rights Issues 2024 is expected to happen on or about July 12, 2024 as per the issue schedule.

Sobha Rights Issues 2024 expected to list on or around July 16, 2024.

The credit of Sobha Rights Issues 2024 in Demat account is expected on or about July 15, 2024 as per the issue schedule.

The Company intends to utilize the Net Proceeds from the Issue towards funding the following objects:

1. Repayment or prepayment, in full or in part, of certain borrowings availed by the Company;
2. Funding certain project-related expenses for Ongoing Projects and Forthcoming Projects;
3. Purchase of equipment and machinery; and
4. Funding acquisition of unidentified land parcels and general corporate purposes.