Sobha Greenlights Equity Shares Worth Rs 20 Bn

24 Jan 2024 CW Team

Real estate developer Sobha Limited has given the green light for the issuance of equity shares, amounting to a total value of up to Rs 20 billion. The decision reflects Sobha's strategic move to raise funds for various initiatives, including ongoing and upcoming real estate projects and other corporate requirements.

The approval for the issuance of equity shares up to Rs 20 billion is part of Sobha's broader financial strategy to fuel its growth trajectory and capitalise on opportunities in the real estate market. The funds raised through this equity issuance are expected to be deployed towards project development, land acquisition, and strengthening the company's financial position.

Sobha Limited, known for its focus on quality construction and premium real estate projects, is positioning itself for expansion and diversification in the competitive real estate landscape. The approval by the company's board signals confidence in the market and a proactive approach to addressing its capital requirements.

As the real estate sector continues to evolve, the issuance of equity shares by Sobha Limited is a strategic financial move aimed at ensuring the company's competitiveness and sustained growth. The funds generated will play a crucial role in supporting Sobha's endeavours to deliver high-quality real estate developments and maintain its position as a leading player in the industry.

Infrastructure Urban

26 Aug 2025

Jupiter Opens First EV Showroom in Hyderabad

Jupiter Electric Mobility Pvt Ltd (JEM), the electric commercial vehicle arm of Jupiter Wagons Ltd, has inaugurated its first showroom in New Bowenpally, Secunderabad, Hyderabad. The launch also marks the introduction of its 1.05-tonne four-wheeler electric light commercial vehicle (eLCV), JEM TEZ, to Telangana’s growing logistics and intra-city freight market. This expansion underscores JEM’s commitment to delivering purpose-built sustainable mobility solutions and accelerating the electrification of India’s logistics sector.The new showroom, operated by Arven Motors Pvt Ltd, offers cus..

Premier Energies Launches 620W DCR Solar Modules in India

Premier Energies Limited, one of India’s largest integrated solar manufacturers, has launched its next-generation 620W DCR solar modules using G12R TOPCon technology, now among the most powerful large-format panels available in the country.The new modules, built with Tunnel Oxide Passivated Contact (TOPCon) architecture, deliver superior power density, improved temperature coefficients, and enhanced low-light performance. The rectangular G12R N-type cell design enables higher string power and balance-of-system optimisation, making the panels suitable for utility-scale projects as well as com..

ONGC Starts Gas Sales from Rajasthan Chinnewala Tibba Block

Oil and Natural Gas Corporation Limited (ONGC) has commenced natural gas sales from the Discovered Small Field (DSF-II) Block RJ/ONDSF/Chinnewala/2018, marking the successful monetisation of the Chinnewala Tibba field in the Rajasthan Kutch Onland Exploratory Asset (RKOEA). Gas sales officially began on 25 August 2025.This development highlights ONGC’s commitment to boosting domestic energy production and strengthening India’s energy security under the guidance of the Ministry of Petroleum and Natural Gas. Located in western Rajasthan, close to the Indo-Pakistan border, the Chinnewala Tibb..