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Sobha gains after its arm acquires entire stake in Annalakshmi Land Developers

20 Jan 2021 Evaluate

Sobha is currently trading at Rs. 483.50, up by 1.05 points or 0.22% from its previous closing of Rs. 482.45 on the BSE.

The scrip opened at Rs. 488.65 and has touched a high and low of Rs. 488.65 and Rs. 473.10 respectively. So far 4383 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 495.30 on 13-Jan-2021 and a 52 week low of Rs. 117.90 on 30-Mar-2020.

Last one week high and low of the scrip stood at Rs. 494.20 and Rs. 436.50 respectively. The current market cap of the company is Rs. 4585.80 crore.

The promoters holding in the company stood at 51.99%, while Institutions and Non-Institutions held 28.58% and 19.43% respectively.

Sobha’s wholly owned subsidiary -- Sabha Highrise Ventures has acquired 100% equity shares in Annalakshmi Land Developers. With the acquisition of the said shares, Annalakshmi Land Developers has become Wholly Owned Subsidiary of Sabha Highrise Ventures.

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.

Sobha Share Price

1425.25 37.15 (2.68%)
23-Apr-2026 16:59 View Price Chart
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Company Name CMP
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Ahluwalia Contract(I 887.10
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