Jagadish Nangineni joins Sobha Limited as Managing Director; stock slips ~5.5%

14 Mar 2022 , 03:30 PM

Sobha Ltd.’s Board has approved the appointment of Mr. Jagadish Nangineni as an Additional Director in the capacity of Whole-time Director, designated as Managing Director and Key Managerial Personnel of the Company for five years, with effect from April 1, 2022.

Mr. Jagadish Nangineni has about two decades of experience in the fields of consulting, real estate, and technology. He is associated with the company since 2009 in operational & senior strategic roles with a deep understanding of the Company’s culture, people, and processes. He was recently overseeing the operations of Ahmedabad, Gurgaon, Chennai, and Pune regions as Deputy Managing Director.

Prior to Sobha, he worked with technology and management consulting firms. He is a B.Tech in Civil Engineering from IIT Bombay and PGDM from IIM Calcutta.

Sobha Ltd. is currently trading at Rs705.05 down by Rs40.9 or 5.48% from its previous closing of Rs745.95 on the BSE. Its scrip touched an intraday high and low of Rs739.90 and Rs702.05 respectively.