Godrej Family Office likely to sell a 5% stake in Sobha Ltd

Anamudi Real Estates, part of the Godrej family office, plans to partially exit its 9.99% stake in Sobha Ltd through block deals worth around Rs 1,000 crore. Sobha Ltd recently approved a Rs 2,000 crore rights issue to fuel growth. The company aims to develop 50 million sq ft across key cities over four years.