 "stake sale, shares, investors, investment")
Godrej Group has increased its stake in Bengaluru-based property developer Sobha to 9.99 per cent in the June quarter of this financial year, from 1.08 per cent in the March quarter of 2019-20.
Privately-held Godrej family arm Anamudi Real Estates has acquired the stake in Sobha, which is valued at Rs 223 crore based on Tuesday’s closing. While emails seeking comments from Godrej Group did not elicit any response, real estate analysts said it could be no more than a portfolio investment by Godrej Group.
“They have bought it from the market, not from us. We are not in any talks with
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