Sobha Developers denies opening of QIP issue

Sobha Developers Ltd has clarified with reference to the news item appearing in a leading web portal stating that the Company is opening its QIP issue on June 18, 2009, that the aforesaid news item is incorrect.

The stock closed the day at Rs.213.85, down by Rs.10.45 or 4.66%. The stock hit an intraday high of Rs.233 and low of Rs.213.10.

The total traded quantity was 175825 compared to 2 week average of 135763.

Source : Equity Bulls

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