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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Sobha says promoter sells 4 pct to Temasek Holdings

Posted on 09 February 2010

From Reuters: A promoter of Sobha Developers Ltd sold a 4 percent stake via a block deal to Aranda Investments, a unit of Singapore’s Temasek Holdings, a top official said.

“Aranda Investments, an affiliate of Temasek Holdings, the investment arm of Singapore government, has purchased shares in a block deal today. This is the first investment by the company in the Indian real estate space,” J.C. Sharma, managing director, told Reuters over the telephone…………………………………Full Article: Source

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