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Sobha planning to raise up to Rs 700 crore via NCDs

11 Jul 2018 Evaluate

Sobha is planning to raise up to Rs 700 crore through issue of non-convertible debentures (NCDs) on a private placement basis, to meet its funding requirement for execution of real estate projects. The company has sought shareholders’ approval for the same.

Sobha is one of the fastest growing and foremost backward integrated real estate players in the country. It primarily focuses on residential and contractual projects.


Peers
Company Name CMP
Lodha Developers 1061.90
Prestige EstatesProj 1486.20
Dilip Buildcon 402.65
DLF 674.00
Oberoi Realty 1707.35
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