The Board of Directors of Sobha Developers Ltd in its meeting held on May 22, 2014, had approved the change in name of the Company from "Sobha Developers Limited" to "Sobha Limited".
Vide a special resolution passed in the Annual General Meeting of the Company held on July 11, 2014, the Company had obtained the consent of shareholders and had subsequently made necessary applications with the Registrar of Companies, Karnataka seeking its approval for the aforementioned change in name.
The Registrar of Companies, Karnataka has communicated its approval for the change in name of the Company from "Sobha Developers Limited" to "Sobha Limited" with effect from August 18, 2014.
Shares of SOBHA DEVELOPERS LTD. was last trading in BSE at Rs.489.65 as compared to the previous close of Rs. 461.65. The total number of shares traded during the day was 27566 in over 2517 trades.
The stock hit an intraday high of Rs. 490.2 and intraday low of 462. The net turnover during the day was Rs. 13229414.