Bloomberg News

Sobha Developers Signs Loan to Build Homes in Gurgaon, India

October 20, 2011

Oct. 20 (Bloomberg) -- Sobha Developers Ltd., a housing developer in India, signed a 4.725 billion rupee term loan due October 2017, according to data compiled by Bloomberg.

Proceeds will be used to develop an integrated township in the city of Gurgaon and Standard Chartered Plc and Syndicate Bank provided the financing, the data show.

To contact the editor responsible for this story: Katrina Nicholas at knicholas2@bloomberg.net


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