Sobha’s promoter Sobha Menon has sold four million shares or 4.15% stake in the company through open market transaction on April 7, 2017. The promoter has sold the same at an average price of Rs 414.89 per share on BSE.
Post transaction, Sobha Menon holding in the company declined to 37.74% from 41.89%. As of December 2016, promoters held 60.24% stake in Sobha.
Sobha is one of the fastest growing and foremost backward integrated real estate players in the country. It primarily focuses on residential and contractual projects.
