Real estate firm Sobha Developers today said it has received $10 million (about Rs 43 crore) of foreign investment for setting up a residential project in Bangalore.


</p><tr><td><p class='TableClas'></p><P class='TableClas'> <DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>The company has received Foreign Direct Investment from Dubai-based Pan Atlantic LLC totalling $10 million for a 40 per cent stake in a Special Purpose Vehicle (SPV), Sobha Developers said in a filing to the Bombay Stock Exchange.</P>
</p><p class='TableClas'>The residential project to be set up by the SPV would be launched at Hosahalli in Bangalore, it added.</P></p></table>


Sobha receives $10 mn FDI for residential project

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