Godrej Group likely to offload 5% stake in Sobha Limited
Sobha Limited fell up to 4% after Anamudi Real Estate LLP, owned by Godrej Group, announced plans to sell 5% of its equity stake. Anamudi currently holds 9.99% of Sobha Limited and intends to offload 47.4 lakh shares, valued at ₹865 crore. Sobha builds, develops, sells, manages, and operates townships, housing complexes, and commercial properties, among other things.