top of page

L&T Mutual Fund sells 2.24% shares in Sobha

  • Apr 17, 2020
  • 1 min read

NEW DELHI: L&T Mutual Fund has sold 21,24,016 equity shares having 2.24% voting rights in Sobha, the company said in a BSE filing.


Before the sale, L&T Mutual Fund held 5.08% voting rights which has now reduced to 2.84%.



In a separate filing, Sobha said that all the offices and manufacturing units of the company will remain closed until May 3, 2020.


However, the company will review the situation and take appropriate decision depending on the relaxations if any, announced by the government," it said in the regulatory filing.


In the quarter ended March 31, 2020, Sobha had made sale of 9,05,710 sq ft worth Rs 684.5 crore.Bengaluru has contributed 73% of total sales volume during Q4-20 along with meaningful contribution from other regions.Gurugram sales volume have grown by 67% as compared to Q3-20. For FY 19-20, Bengaluru and Chennai sales volume have grown by 8% and 20% respectively as compared to FY 18-19, according to its BSE filing.


April 16, 2020

 
 
 

Comments


Mindcept-Logo.png

© MINDCEPT CONSULTING

  • LinkedIn

DISCLAIMER: The information contained in this website is offered for illustration purposes only and is general information. We make no representations or warranties of any kind (express or implied) with respect to the information, products, services, statements, figures, calculations, plans, images, logos, related graphics and are purely indicative in nature only. Whilst all reasonable care has been taking in providing all information, however, We or / and our related companies or/ and our representatives, consultants or / and our agents accept no responsibility for its completeness, accuracy, reliability, suitability or availability of any information contained herein for any action taken in reliance thereon by any party. Any reliance on information as contained in this website does not constitute an offer, inducement, representation, warranty or contract and may be relied upon at one’s risk and consequences.

bottom of page