Developer plans to raise around Rs 700 Cr for projects

By Accommodation Times Bureau


Sobha Limited a realty firm to meet its financial requirement for real estate projects it has the plan to raise Rs 700 crore via issue of debentures.

In a notice to Shareholders, it’s seeking approvals of shareholders for issue of non-convertible debentures.

The notice said, “Consent of the members is being sought to enable the board of directors to offer or invite subscriptions for non-convertible debentures aggregating up to Rs 700 crore,”

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