Sobha Limited (BSE:532784) acquired remaining 49.9997% stake in Sobha Highrise Ventures Private Limited from Winona SA Investments LLC for approximately INR 350 million on January 31, 2017. Under the terms of the transaction Sobha Limited will acquire 10.3 million shares in Sobha Highrise Ventures Private Limited held by Winona SA Investments LLC. As a result of this acquisition Sobha Highrise Ventures Private Limited turned into a wholly owned subsidiary of Sobha Limited. Sobha Limited (BSE:532784) completed the acquisition of remaining 49.9997% stake in Sobha Highrise Ventures Private Limited from Winona SA Investments LLC on January 31, 2017.