Friday, July 25, 2008

Sobha Developers receives $10 mln FDI

Bangalore-based real estate firm Sobha Developers has received $10 million (about Rs43 crore) of Foreign Direct Investment (FDI) for setting up residential project. The company received this investment from Dubai-based Pan Atlantic for a 40% stake in a Special Purpose Vehicle (SPV) in the Bangalore project.

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