Sobha has informed that all its offices and units will remain under lockdown for 21 days.
As per Government directives on Wednesday, 25 March 2020, Sobha has announced the closure of all its offices and units for 21 days. The firm has adopted a work from home policy for the employees in such critical operations.
The company said that in view of the COVID-19 pandemic, it has taken various measures to ensure safety and well-being of all its employees and workmen. The announcement was made post market hours on Friday, 27 March 2020.
Shares of Sobha slipped 4.43% to Rs 125.15 on BSE. The scrip traded in the range of Rs 117.90 to Rs 130 so far.
Sobha is a real estate developer which works in the business of construction, development, sale, management and operation, townships, housing projects, commercial premises and other related activities.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app