Godrej Industries Group’s family office arm Anamudi Real Estates LLP on Friday divested a 4.4 per cent stake in realty firm Sobha Ltd for Rs 858 crore via open market transactions. According to the exchange data, Anamudi Real Estates LLP offloaded 47.37 lakh shares, amounting to a 4.43 per cent stake in Sobha Ltd.
Shares were disposed of at an average price of Rs 1,810.44 apiece, taking the transaction value to Rs 857.70 crore.
After the stake sale, Anamudi Real Estates’ shareholding in Bengaluru-based Sobha declined to 5.57 per cent from 9.99 per cent.
Meanwhile, Mirae Asset Mutual Fund (MF), Invesco MF and Aditya Birla Sun Life MF acquired 23.09 lakh shares of Sobha.
The company aims to achieve more than a four-fold jump in annual sales bookings to Rs 30,000 crore in the next 4-5 years, Menon had said.
