Sobha Developers receives $10 mln funding from Pan Atlantic

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New Delhi, Jul 07 (UNI) Real estate firm Sobha Developers Ltd today said it has received Foreign Direct Investment (FDI) worth 10 million dollars from Pan Atlantic for a project in Bangalore.

The Dubai-based Pan Atlantic has contributed 10 million dollars for its participation of 40 per cent interest in this venture, a company statement said.

A Special Purpose Vehicle (SPV) has been formed to develop the residential township, it added.

UNI SR PDT PM1516

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