After the Rs 2,000 crore rights issue, the company’s equity base will increase to Rs 4,500 crore. Earlier this year, the board of Sobha Ltd approved raising Rs 2,000 crore through a rights issue to increase the equity of the company and fund the growth.
Gold edges higher as investors assess Fed rate-hike odds
In early Asian trading, gold prices saw a modest uptick as speculation swirled regarding the Federal Reserve’s policy stance. Investors are closely watching remarks from