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.
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