Sobha Stock Up 6% On Announcement Of ₹2,000 Cr Rights Issue | What Is The Payment Structure?

Описание: Shares of real estate developer SOBHA are on a tare today, up 6%. The company has announced fundraising via a rights issue for an amount not exceeding ₹2,000 cr at an issue price of ₹1,651. However, the rights issue is structured slightly differently in terms of paying the issue price. What is the payment structure and what are the dates you need to be watching out for in terms of the record date, opening and closing of the issue? Snehi Shah, who tracks the sector closely, has the details.

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