Sobha Developers - Rights Issue
Tuesday, August 26, 2008Bangalore based realty major Sobha Developers has convened an extraordinary general meeting (EGM) on September 22, 2008, to get shareholders' nod for its proposed rights issue. The company hopes to mop up Rs 350 crore through the exercise.
The funds will be used for general corporate purposes, including working capital, acquiring land and other needs, the company stated.
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