Anamudi Real Estates LLP, the family office arm of Godrej Industries Group, sold a 4.99% stake in real estate player Sobha worth Rs 857 crore via block deal. The buyers included Aditya Birla Sun Life Mutual Fund, Mirae Asset Mutual Fund, and Invesco Mutual Fund, as per BSE bulk deal data.
As of July 11, Anamudi Real Estates held a 9.99% stake in Sobha Ltd. The company had acquired 5,58,000 shares at Rs 168.71 apiece on April 8, 2020.
The mutual funds purchased the following stakes:
– Aditya Birla Sun Life Mutual Fund: 1.29% stake at Rs 1,809.82 apiece
– Mirae Asset Mutual Fund: 0.61% stake or 5.79 lakh shares
– Invesco Mutual Fund: 0.52% stake at Rs 1,810.05 apiece
Sobha’s shares closed 3.38% lower at Rs 1,862.45 apiece on the NSE, despite a 1.76% gain in the NSE Nifty 50.
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Sobha