NEW DELHI: The board of directors of Sobha has inter alia considered and approved the issuance of equity shares of the company for an amount not exceeding Rs 2,000 crore by way of a rights issue to the eligible equity shareholders of the company, it said in a BSE filing.
In a separate regulatory filing, the company informed that Lalit Lahoty has been appointed as the executive vice president- Business Development of the company with immediate effect.
The company saw quarterly sales value of Rs. 19.52 billion registering a growth of 37% over Q3 FY23 and 13.2% compared to preceding quarter Q2 FY24.
Average price realization was Rs. 11,732 per sq ft, up by 14.8% over Q2-FY24. Quarterly new sales area remained steady at 1.66 million sq ft, with growth of 12.7% over Q3-FY23.
